GameStop earnings are due. Can management change the narrative?

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Videogame retailer and meme stock GameStop Corp. reports second-quarter results on Wednesday after the market close.

Videogame retailer and meme stock GameStop Corp. reports second-quarter results on Wednesday after the market close, as broader videogame-industry growth and some popular releases run up against as executive upheaval at the company.

“The videogame industry grew in [the second quarter], but a continuing digital mix shift likely impacted GameStop traffic,” Wedbush analyst Michael Pachter said in a research note on Friday. What else to watch for GameStop in June fired its chief executive, Matthew Furlong, an Amazon.com Inc. AMZN, -0.72% veteran who had been appointed two years earlier. The company in June also said its board had elected activist investor Ryan Cohen, the co-founder of online pet-supplies retailer Chewy Inc., as executive chair.

In July, GameStop said Chief Financial Officer Diana Saadeh-Jajeh would resign on Aug. 11. Daniel Moore, it said then, would become interim principal financial officer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 3. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

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

Brady Corp. stock rises after earnings and outlook beat expectationsBrady Corp. stock was up 6.3% in premarket trades Tuesday after the Milwaukee-based industrial company’s adjusted fourth-quarter earnings of $1.04 a share...
Source: MarketWatch - 🏆 3. / 97 Read more »

Brady Corp. jumps after 2024 earnings per share forecasts beat estimates By Investing.comBrady Corp. jumps after 2024 earnings per share forecasts beat estimates
Source: Investingcom - 🏆 450. / 53 Read more »

Leading The Way: How Bonduelle Became The First Fresh Produce Company In The U.S. To Become A Certified B CorpAndrea Montagna, CEO of Bonduelle Fresh Americas, part of the 170 year-old French family-owned company with 14,000 employees on the company's path to being a B Corp.
Source: ForbesTech - 🏆 318. / 59 Read more »