GameStop Stock News

GameStop Corp. swung to a profit in its second-quarter results after market close Tuesday, despite a decline in sales at the videogame retailer. The company's stock was down 1.4% in after-hours trading.

GameStop Corp (NYSE:GME) announced its first profitable second quarter in seven years, posting a net income of $14.8 million, a significant turnaround from a $2.8 million loss in the same period last year. The company reported earnings per share (EPS) of $0.01, beating analysts' expectations by $0.10.

Videogame retailer GameStop missed Wall Street expectations for quarterly revenue on Tuesday, as consumers moved away from traditional brick-and-mortar stores to online purchasing.

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 .

Game 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.

Videogame retailer and original meme stock GameStop reports second-quarter results after market close Tuesday.

GameStop's stock has surged recently, but with high short interest and an earnings report imminent, consider taking profits before potential volatility. The company faces declining revenue, no earnings, and lacks a viable turnaround plan, making its current $10 billion valuation unsustainable. Despite some improvements in margins and a strong balance sheet, the core business model remains flawe...

A well-timed trade in GameStop's options reaped a handsome profit on Friday after an account associated with "Roaring Kitty," a stock influencer and longtime champion for the video game retailer, published a cryptic post on social media platform X.