GameStop Shares Jumped 5% Ahead of Earnings
GameStop Shares Jumped 5% ahead of earnings. GameStop will report fourth quarter and full year fiscal 2022 results after the market closes on Tuesday.
Few analysts cover the so-called meme stock, which is down 8% year-to-date and about 28% from a year ago after soaring more than sevenfold in January 2021. The decades-old videogame retailer is expected to post its 8th sequential quarterly loss and second-ever holiday-quarter loss, according to three analysts polled by FactSet. Net sales for 4Q are expected to decline from a year ago. For the full year, GameStop is expected to report a wider loss and a decline in net sales.
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