Gamestop Corp. said its normalized net income for the fiscal fourth quarter ended Jan. 31 was $2.19 per share, compared with the S&P Capital IQ consensus estimate of $2.17 per share.
EPS increased 6.3% year over year from $2.06.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $239.9 million, compared with $240.8 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin climbed to 7.2% from 6.5% in the year-earlier period.
Total revenue decreased 5.6% on an annual basis to $3.48 billion from $3.68 billion, and total operating expenses declined 6.4% on an annual basis to $3.09 billion from $3.30 billion.
Reported net income grew 10.5% on an annual basis to $244.1 million, or $2.23 per share, from $220.8 million, or $1.89 per share.
For the year, the company's normalized net income totaled $3.45 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.49.
EPS rose 9.5% from $3.15 in the prior year.
Normalized net income was $390.8 million, a rise from $373.4 million in the prior year.
Full-year total revenue grew on an annual basis to $9.30 billion from $9.04 billion, and total operating expenses increased on an annual basis to $8.66 billion from $8.44 billion.
The company said reported net income grew 11.0% on an annual basis to $392.8 million, or $3.47 per share, in the full year, from $354.0 million, or $2.99 per share.
