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Gamestop Swings to Profit, Sales of Collectibles Up 54%

Gamestop Swings to Profit, Sales of Collectibles Up 54%

Gamestop swung to a profit in the first quarter despite falling sales as its collectibles business was the only segment to record growth.
The video-game retailer on Tuesday posted a profit of $44.8 million, or 9 cents a share, in the quarter ended May 3, compared with a loss of $32.3 million, or 11 cents a share, a year earlier.
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