jetcityimage September 10th ended up being a really painful day for shareholders of video game retailer GameStop (NYSE:GME). After the market closed, the stock plunged roughly 10%. This was in response to disappointing financial results covering the second quarter of the company's 2024 fiscal year. Revenue fell short of expectations, but earnings exceeded what analysts anticipated. Normally, this would not have resulted in such a painful drop in price. However, the magnitude of the drop in sales was sig ...

GameStop (GME) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this video game retailer would post a loss of $0.10 per share when it actually produced a loss of $0.12, delivering a surprise of -20%.Over the last four quarters, the compan ...

RiverNorthPhotography Under CEO Ryan Cohen's leadership, GameStop Corp. (NYSE:GME) is attempting to turn around the unprofitable merchandise. While I think Ryan Cohen has done a great job reducing costs and improving profitability, the gaming hardware and software retail market is likely to face strong competition from both game publishers and big retailers such as Walmart Inc. (WMT) and Amazon.com, Inc. (AMZN). As a retailer, GameStop is unlikely to successfully turn around their core business in the futur ...

Key TakeawaysGameStop swung to an unexpected profit in the second quarter, but its sales fell 31% and missed expectations.The meme stock standout struggled Tuesday before its results came out, but the stock is still substantially higher year-to-date.GameStop did not issue guidance, nor did it schedule an earnings call. GameStop's (GME) second quarter sales declined year-over-year, missing Wall Street's expectations, but the video game retailer managed to swing to a surprise profit. Revenue in the latest was ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED AUGUST 3, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NO. 1-32637 GameStop Corp. (Exact name of registrant as specified in its charter) Delaware 20-2733559 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Ide ...

Video game retailer GameStop Corporation GME reported second-quarter financial results Tuesday after market close.Here are the key highlights.What Happened: GameStop reported second-quarter net sales of $798.0 million, which missed a Street consensus estimate of $895.7 million, according to data from Benzinga Pro.Net sales were down from last year's second quarter total of $1.16 billion.The company reported a profit of 1 cent per share, beating a Street consensus estimate of a loss of 9 cents per share.Net ...

Exhibit 99.1 GameStop GameStop Discloses Second Quarter 2024 Results GRAPEVINE, Texas, September 10, 2024 (GLOBE NEWSWIRE)—GameStop Corp. (NYSE: GME) ("GameStop" or the "Company") today released financial results for the second quarter ended August 3, 2024. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-Q and supplemental information can be found at https://investor.gamestop.com. SECOND QUARTER OVERVIEW • Net sales were $0 ...

GRAPEVINE, Texas, Sept. 10, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the second quarter ended August 3, 2024. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com. SECOND QUARTER OVERVIEW Net sales were $0.798 billion for the second quarter, compared to $1.164 billion in the p ...

Facade with sign and logo at Game Stop video gaming store in Dublin, California, August 23, 2018. ... [+] (Photo by Smith Collection/Gado/Getty Images)Getty ImagesGame Stop is scheduled to report earnings after Tuesday’s close. The stock hit a record high of $120.75/share in 2021 and is currently trading near $23. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, ...