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GameStop’s third-quarter net sales fell 20% to $860 million, down from $1.08 billion last year, the company said Tuesday. The retailer swung from a year-ago net loss of $3.1 million to net ...
GameStop Corp. GME could provide a peek at holiday shopping demand when it reports third-quarter earnings after market close Tuesday. Earnings Estimates: Analysts expect the video game to report ...
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GameStop's Next Chapter: Profits, $6B Balance Sheet and Bitcoin ...While GameStop’s total gross profit remained stable at approximately $1.23 billion in 2024, compared to 2020, the reduced store count pushed gross profit per store to approximately $385,000 ...
If GameStop does report full-year profitability for the first time since 2018 — despite the significant challenges the company has recently faced — management will deserve significant praise.
GME reported a $157.9 million net loss in Q1. One year ago, the company’s Q1 loss was only $66 million. GameStop has been using $300 million in cash to support operations each quarter.
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Zacks Investment Research on MSNGameStop Stock Falls 10% in 3 Months: Time to Buy, Hold or Sell?GameStop Corp. GME has experienced a significant decline over the past three months, with its shares plummeting 10.4%, underperforming the Zacks industry's rally of 28.9%. The company also trailed the ...
GameStop reported comparable-sales growth of 12.2%, driven mostly by a 44.8% surge in hardware sales. The popularity of the Nintendo Switch was the company's saving grace during the fourth quarter.
GameStop's fourth-quarter net income more than doubled to $131.3 million, compared to the same period last year, when it posted $63.1 million.
GameStop stock (GME) fell as much as 15% during the struggling video game retailer's annual shareholder meeting on Monday as the company gave few details on its strategy going forward.
GameStop also announced fourth-quarter net profit of $131.3 million, up from $63.1 million in the same time previous year. This article first appeared on GuruFocus.
GameStop reported a gross profit of $1.37 billion, SG&A expenses of $1.68 billion and a net loss of $313 million. GameStop’s stock rose on the news of the company’s profitable quarter.
GameStop CEO Matt Furlong said the company's aim is to create a path toward full-year profitability in the future. For the full year, GameStop had $1.39 billion in cash and cash equivalents on ...
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