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Analyst: GameStop to Lower Guidance

Edge writes: "U.S. videogame retail sales grew in October by 18 percent despite difficult market conditions, but major specialist retailer GameStop may still lower holiday period guidance, one analyst says.

"Due to the continued deterioration of the consumer retail environment, particularly the uncertainty of the holiday period, as well as the negative impact of foreign exchange, we expect management to reduce Q4, FY08, and FY09 guidance," wrote Stern Agee analyst Arvind Bhatia in a research note on Friday.

GameStop is scheduled to report Q3 earnings on November 20."

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