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
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
ソース: MarketWatch - 🏆 3. / 97 続きを読む »
ソース: WSJ - 🏆 98. / 63 続きを読む »
ソース: CNBC - 🏆 12. / 72 続きを読む »
ソース: WSJ - 🏆 98. / 63 続きを読む »
ソース: MarketWatch - 🏆 3. / 97 続きを読む »