GameStop misses earnings — will reduce game store count by 3%

The leader in gaming retail had a great 2014, but it’s not off to a great start in 2015.

GameStop reported the financial results for its fiscal fourth quarter as well as for its fiscal year, and the company missed market expectations for both its earnings and its sales. It reported revenues of $3.48 billion, which was around $120 million short of analyst estimates. It also had earnings per share of around $2.15, which was 2 cents shy of the market’s expectations. Looking into fiscal 2015, the company is providing weak guidance and plans to close several GameStop locations. This has the stock price down about 5 percent in after-hours trading.