GameStop stock dips on mixed earnings results

GameStop Corp.’s stock fell 2% in extended trading Wednesday after the company reported fiscal second-quarter results that beat revenue estimates but fell short on earnings.

The videogaming retailer GME, -0.10% reported a net loss of $61.6 million, or 85 cents a share, compared with a net loss of $111.3 million, or $1.71 a share, in the year-ago quarter. The company’s adjusted net loss was $55 million, or 76 cents a share.Analysts surveyed by FactSet had expected a net loss of 67 cents a share on revenue of $1.12 billion.The company also announced it had entered into a lease of a new 530,000-square-foot fulfillment center in Reno, Nev.

Net sales [revenue] remains the ultimate barometer of the company’s financial performance for investors, GameStop Chief Executive Matt Furlong said during an 8-minute conference call after the results were announced. The company did not take questions. Wednesday’s results reflect more favorable debt and growth from a year ago, when the company reported a loss of $1.40 a share.

GameStop’s stock is up an astounding 955% so far in 2021. The broader S&P 500 index SPX, -0.13% has gained 20% this year.

Mile. Is the next runner

MoonWatch_ HODL $GME 💎🙌🏼

MoonWatch_ Hedgies r Fuk

nice

so they have no tax to pay and more cash for transformation and growth

nice screen grab GFY

Wen lambo

Short it then

CLOWNSSSSSSS!!!!!!!!!!!!!!!!!!!!! CROOOOOOOOOKS AND CLOWNSSSSSSSSSSSS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GameStop earnings will put spotlight on Ryan Cohen’s plan to keep the meme stock rally rollingRetail investors are moving beyond the question, “Is GameStop better off than it was a year ago?' AYA fintech network platform provides proprietary alpha stock signals and personal finance tools for U.S. stock market investors.
Source: MarketWatch - 🏆 3. / 97 Read more »

GameStop, Bitcoin, Nio, Citrix: What to Watch When the Stock Market Opens TodayGameStop reports earnings after the close; bitcoin is extending its fall. Bitcoin dropping really hard. Already down passed the 46.7k support Bitcoin now testing the 20 Week SMA Which we all expected to happen This is a time to buy more and hodl next target will be above 53k I’ve been taking 10Ethbtc tweets seriously 👍🏻➡️👍🏻➡️ Btc Get SHIB by joining SHIBA PROJECT Airdrop on SHIBA_BONUS site 💰🍷
Source: WSJ - 🏆 98. / 63 Read more »

GameStop earnings are on deck. Here's how the stock typically reactsThe meme stock darling is set to report earnings after the market closes on Wednesday. Based on past results, shares could tumble.
Source: CNBC - 🏆 12. / 72 Read more »

GameStop’s Earnings to Serve as Early Test for New ExecutivesThe videogame retailer is in the midst of modernizing its business and analysts expected it to benefit from the easing of pandemic restrictions. I could triple the revenue of $GME in two quarters. NOPRESSURE
Source: WSJ - 🏆 98. / 63 Read more »

3 things to look for in GameStop’s earningsGameStop is way better off than it was a year ago, but here are 3 key factors to judge whether or not the OG meme stock will keep pumping. 3 things to look for in GameStop’s earnings from ThorntonMcEnery:
Source: MarketWatch - 🏆 3. / 97 Read more »