GameStop officials have announced that earnings have risen 2.8 percent, boosting shares of the company 0.2 percent to $46.28.
The video game retailer's results for the the third quarter of fiscal year 2015 surpassed analyst estimates, the Wall Street Journal Reports. Company officials have also expressed an increase in per-share earnings between 53 to 60 cents.
GameStop's third-quarter success is also attributed to increased sales of Playstation 4 and Xbox One video gaming consoles.
The American video game brand has announced that it will grant $100,000 in scholarship money to 40 recipients of its "Power to the Scholars" program.
The initiative was introduced earlier this year alongside Scholarship America, Inc. It was only made available to GameStop employees and their dependents. GameStop launched the "Power to the Scholars" program as part of its charitable foundation, the Gamer Fund.
"Our objective with this program was to encourage our employees and their dependents to achieve their personal and professional goals through higher education," Gamer Fund President Mike Buskey said, according to Business Wire.
"At GameStop we are all about protecting the family, so, we are honored to be able to assist the scholarship recipients in their broader educational journeys, and look forward to seeing where they lead."
GameSpot was founded in 1984 in Dallas, Texas.
