Account Info
Log Out
English
Back
Download
No matches yet
Operations too frequent. Please try again later.
Please check network settings and try again Refresh Refresh
Loading
History record delete
    Quotes All >
      News All >
        Log in to access Online Inquiry
        Back to the Top

        GME Earnings Beat Estimates but Still Lost

        Event Description
        Ended
        💡Summary: • $GameStop(GME.US)$exceeded Wall Street estimates with its top and bottom line second quarter results. • EPS was -0.17%, up yea... Show More
        💡Summary:
        • $GameStop(GME.US)$ exceeded Wall Street estimates with its top and bottom line second quarter results.
        • EPS was -0.17%, up year over year.
        • Game Stop reported its revenue rose about 2% to $1.16 billion.
        The earnings report rose above the $1.14 billion wall street estimated. The Texas-based company attributed the rise in revenue to "significant software release" along with increased sales of new gaming hardware in several international segments.
        Software and collectibles sales made about 49% of total revenue, while the remaining half was made of flat hardware sales. However, software sales rose 25%, offset by a 24% decline in collectibles.
        With efficient cost-cutting efforts, Game Stop reduced its selling, general, and administrative expenses to $322.5 million, making 27.7% of net sales while during last year’s comparable quarter, these expenses amounted to $387.5 million, making up about 34.1% of net sales. But Game Stop also had transition costs $4.3 million from its store closures in Europe
        🎙️Q:
        1. Is GME a buy despite earnings?
        View disclosures here.
        Views
        1155
        Posts
        3
        Join event
        New
        Hot
        No more, view other topics