GameStop Corp. stock was unsettled in the extended session Tuesday as the videogame retailer at the center of the so-called meme-stock phenomenon said it had laid the groundwork for its “transformation” and reported lower-than-expected adjusted fourth-quarter earnings and sales.
Adjusted for one-time items, GameStop earned $90.7 million, or $1.34 a share, compared with $1.27 a share a year ago. Analysts polled by FactSet expected the videogame retailer to report adjusted earnings of $1.35 a share on sales of $2.21 billion. The company said it “strengthened” its balance sheet and ended the year with $635 million in cash, “laying the foundation for transformation.”
Incredible
Nope
Currently down...
That little? 😄
💎 ✋✋
Did it really tho?
🚀
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: