GameStop shares slip 10%

Filed under: Business

GameStop announced that it doesn't expect an insanely strong fourth quarter due to competition, which resulted in a 10% drop in its stock price. Don't get any sneaky ideas all you GameStop haters -- just because the group won't be making as much money as expected, doesn't mean it still won't be making tons of it during the holiday season.

GameStop continues its expansion and still sees great profits every quarter. In Q3, net income reached $52 million from Halo 3 and Guitar Hero II, up from the $13.6 million a year prior. The video game pawn shop will continue to make money, have no fear of that.

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[via] Joystiq