GameStop Beats Estimates on Videogame Demand

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Gamestop beat out Wall Street estimates for its second quarter revenue. The video game retailer also posted a smaller than expected loss. Gamestop's executive chairman Ryan Cohen has been moving the company towards a more online focused model as opposed to the chain's previously physical store dependent model. The company says sales of software and collectibles have contributed to about 49% of its second quarter revenue. Adding that people have been splurging on popular titles like four.