Electronics Boutique Revises Earnings Downwards

Officials from Electronics Boutique have indicated that the company is revising its third quarter earnings guidance downwards from $0.14 to $0.18 per diluted share to $0.05 to $0.06. The move comes as the company expects its comparable store sales to decrease by 7%. The company now expects its full fiscal year 2004 earnings to be in the range of $1.56 to $1.66 per diluted share. The drop in predicted results is attributed to the delay of several key titles from the third quarter period and lower than expected hardware sales.