GameStop’s stock price jumps after reporting a strong Q2

The retail game business continues to benefit from the strong sales of the PlayStation 4 and Xbox One — but that’s not all.

GameStop reported the results of its fiscal Q2 today, and the company revealed that it generated revenues of $1.76 billion. That’s up 1.8 percent from $1.73 billion during the same period in the previous year. That also beat Wall Street’s estimate of $1.74 billion. Earnings for GameStop were equally impressive at 31 cents per share (EPS). That demolished analyst estimates that were expecting an EPS of 24 cents. Those strong numbers saw the stock price for the world’s largest gaming-specific physical retailer jump 1.8 percent in after-hours trading to $47. Investors are likely responding well to these figures knowing that the company’s biggest quarter is still ahead of it with the upcoming gift-giving holidays as well as its successful expansion into other categories.