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GameStop Stock Jumps. Earnings Loss Narrows After CEO Departure.

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In the company’s first results since its CEO departed, reports that its loss narrowed. The video-game seller posted a loss of $2.8 million in the fiscal...

The video-game seller posted a loss of $2.8 million in the fiscal second quarter, compared with a loss of $108.7 million a year earlier.

After the departure of CEO Matt Furlong in early June, the company’s largest shareholder Ryan Cohen took control of the company. However, despite the change in top brass, GameStop will continue its recent habit of not hosting a conference call to discuss results.

 

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