Market responds well to GameStop’s $3B holiday

GameStop’s holiday wasn’t as good as last year, but it’s good enough for Wall Street.

The world’s largest game-specific retailer generated revenue of $2.94 billion over the nine-week holiday period that ended Jan. 3. That was a 6.7 percent decline from the same period last year. But even though the total sales were down, investors are happy with GameStop’s report. The company’s stock price, which ended the trading day down nearly 3 percent to $32.77, is up more than 6.5 percent in after-hours trading.