GameStop Corp

NYSE:GMEUnited States

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• DJ Stocks to Watch: GameStop, Dave & Buster's, Telesis Bio, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: GME, TBIO, PLAY
  
  By Connor Hart
  
  GameStop in its second fiscal quarter swung to a profit but missed analysts' revenue expectations, posting a steep drop in sales. The video game retailer reported net income of $14.8 million, compared with a year-ago loss of $2.8 million. Sales fell 31% to $798 million, missing Wall Street's estimate for $895.7 million. Its hardware, software and accessories segments all recorded lower sales. Shares fall 9.1%, to $21.31, in after-hours trading.
  

• DJ GameStop Reports Lower Revenue, But Swings To Profit -- Market Talk, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: GME
  
  1709 ET - GameStop reports 2Q results showing a steep decline in revenue but a return to profitability. Sales fell to $798 million from $1.164 billion in the prior year's quarter. Hardware, software and accessories all declined. Meanwhile, net income came in at $14.8 million, which compares with a year-ago loss of $2.8 million. Selling, general and administrative expenses shrank to $270.8 million from $322.5 million. GameStop didn't issue guidance and says it won't hold a conference call, as has been customary for the company every quarter for the past several years. (sarah.needleman@wsj.com)
  

• GameStop Swings to Second-Quarter Earnings; Revenue Falls, from 6 hours ago by MT Newswires

  6 hours ago by MT Newswires
  Companies Mentioned: GME
  04:55 PM EDT, 09/10/2024 (MT Newswires) -- GameStop (GME) late Tuesday swung to fiscal second-quarter earnings year-over-year while the video game retailer's revenue declined. The company reported adjusted earnings of $0.01 for the three months thro...

• GameStop Fiscal Q2 Swings to Adjusted Earnings, Sales Decline, from 6 hours ago by MT Newswires

  6 hours ago by MT Newswires
  Companies Mentioned: GME
  04:27 PM EDT, 09/10/2024 (MT Newswires) -- GameStop (GME) reported late Tuesday its fiscal Q2 swung to adjusted earnings of $0.01 per diluted share from a loss of $0.03 a year earlier. Two analysts polled by Capital IQ expected a loss of $0.09 per s...

• DJ GameStop Reports Better-Than-Expected Q2 Earnings, Despite Falling Sales -- MarketWatch, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: GME
  
  GameStop Corp. (GME) swung to a profit in its second-quarter results after market close Tuesday, despite a decline in sales at the videogame retailer. The original meme stock generated $798 million in net sales, down from $1.164 billion in the prior year's quarter. The average of two Wall Street estimates compiled by FactSet was $896 million. GameStop's net income was $14.8 million, or 4 cents a share, after a loss of $2.8 million or a loss of 1 cent a share, in the prior year's quarter. On an adjusted basis, GameStop earned 1 cent a share, beating the FactSet consensus estimate for a 9 cent per-share loss, also based on projections from two analysts. GameStop ended the quarter with cash, cash equivalents, and marketable securities of $4.204 billion, up from $1.195 billion at the end of the same period last year. In June, GameStop said it raised $2.14 billion in a share sale, noting that it may use the proceeds for mergers and acquisitions. The company is not holding a conference call in conjunction with its earnings report.