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Gamestop fiscal Q2 profit climbs YOY

Gamestop Corp. said its normalized net income for the fiscal second quarter ended Aug. 2 was 19 cents per share, compared with the S&P Capital IQ consensus estimate of 19 cents per share.

EPS climbed year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $22.3 million, a gain from $10.9 million in the prior-year period.

The normalized profit margin increased to 1.3% from 0.8% in the year-earlier period.

Total revenue increased 25.1% year over year to $1.73 billion from $1.38 billion, and total operating expenses rose 24.2% from the prior-year period to $1.69 billion from $1.36 billion.

Reported net income rose year over year to $25.1 million, or 22 cents per share, from $10.7 million, or 9 cents per share.