GameStop reports third-quarter profit on spending cuts
GameStop reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.
The PS5 disc drive is back in stock, but only for GameStop Pro members
Sony’s detachable disc drive for the PlayStation 5 has been hard to come by as of late, and it’s disappointing that the $700 PS5 Pro doesn’t include one. However, GameStop is now offering a rare window for GameStop Pro members to pick one up for its original MSRP of $79.99.
GameStop Deserves To Fall More, Even After Signs Of Progress
GameStop's Q3 2024 earnings exceeded expectations, but revenue declined by 20.2%. Read why I maintain my sell rating on GME stock.
GameStop Swings to a Profit Despite Revenue Dip
GameStop shares, which popped over 10% in extended trading, were up about 54% for 2024 through Tuesday's close. Most of the gains this year came in May and June after Gill posted about the retailer on multiple occasions for the first time since a meme trading frenzy gripped the stock in late 2020 and early 2021.
GameStop’s (GME) Impressive Surge: What’s Behind the Stock’s 10.68% Jump Today?
GameStop’s performance so far this year has been impressive, with the stock showing a Year-to-Date (YTD) gain of +70.90%, far outperforming the broader market. In comparison, the S&P 500 has gained +27.67% YTD, making GameStop’s rise a standout achievement in 2024.
GameStop’s stock jumps on surprise third-quarter profit
Shares of GameStop Corp. were up 8.2% in extended trading after the videogame retailer reported a surprise third-quarter profit, despite falling sales.
GameStop reports fall in third-quarter revenue as consumers curb spending
Videogame retailer GameStop reported a fall in third-quarter revenue on Tuesday, hit by a continued slump in spending at its brick-and-mortar stores as consumers shift to online platforms. The company's third-quarter revenue fell 20% to $860 million,
GameStop Sales Drop 20% From Last Year. The Stock Is Still Rising.
GameStop sales fell from a year ago in the company’s latest quarter, coming in below Wall Street estimates, but the videogame retailer also swung to an unexpected profit. GameStop reported third-quarter adjusted earnings of 6 cents a share on net sales of $860.
GameStop Turns a Profit: So What? It's Still Not Worth Investing
GameStop (NYSE: GME) shares edged higher following its Q3 release, but so what? The report included a surprise profit, but the underlying cause and business metrics align with the trend. This company continues to contract and is consuming itself at investors' expense.
These Stocks Are Moving the Most Today: Tesla, GameStop, Super Micro, Macy’s, Hershey, Dave & Buster’s, Walgreens, Stitch Fix, and More
Stocks rose Wednesday and the Nasdaq Composite crossed 20,000 for the first time after the consumer price index for November ...
A Healthy Balance Sheet Won’t Be Enough To Save GameStop (GME)
GameStop (GME) is a struggling video game retailer that should have become irrelevant years ago. Yet the company continues to ...
GameStop piles up more cash in Q3 even as sales fall off
GameStop Corp. (GME) reports third quarter earnings, showing a decline in revenue but an increase in net income.
GameStop stock jumps after cryptic post from 'Roaring Kitty' rekindles retail hype
On Thursday, about 300K GameStop options contracts had changed hands by 2:14 p.m., at about 1.5 times the usual pace.
Investors eye inflation data, GameStop reports Q3 profit: Yahoo Finance
Wall Street is closely watching the November Consumer Price Index (CPI) report. It will be one of the last major pieces of ...
Watch out below: GameStop is tipped to fall after earnings based on a historical precedent
GameStop (NYSE:GME) is due to issue its Q3 earnings report after the closing bell on Tuesday. Analysts expect the retailer to ...