GameStop boosts profit forecast on console outlook, stock jumps

By Malathi Nayak (Reuters) - GameStop Corp raised its 2013 earnings forecast on Thursday, counting on new consoles from Microsoft Corp and Sony Corp to boost holiday season spending on video games and reverse the sector's decline. GameStop shares surged about 10 percent after quarterly results edged past Wall Street's expectations. The U.S. video game industry has shrunk for years as gamers have spent more time with free-to-play software on tablets and smartphones. ...



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