GameStop Quarterly Revenue Beats Estimates on Higher Demand for Video Games

Reuters2022-06-02

Video game retailer GameStop Corp reported better-than-expected first-quarter revenue on Wednesday, as more shoppers bought video games and consoles.

Store closures during the COVID-19 pandemic affected GameStop's physical retail business, for which it is primarily known. The retailer has, however, been focusing on growing its online business to meet consumer demands.

Net loss widened to $157.9 million, or $2.08 per share, for the first quarter, from $66.8 million, or $1.01 per share, a year earlier.

Net sales were $1.38 billion in the quarter ended April 30, above analysts' average estimate of $1.32 billion, according to Refinitiv data.

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Comments

生肉麵加豬油渣
2022-06-02
生肉麵加豬油渣
Gogogo
Hyati28
2022-06-02
Hyati28
NicE
hyhop
2022-06-02
hyhop
Ok
Pjun
2022-06-02
Pjun
Stop pls
Doris11
2022-06-02
Doris11
Like
oakfra
2022-06-02
oakfra
Well done GME

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