As a seasoned gamer and investor with a knack for following the ups and downs of the gaming industry, I must say that today’s GameStop (GME) earnings report has left me both puzzled and intrigued.
For the third quarter of 2024, GameStop (GME) has disclosed their earnings report, providing insights into their financial status over the recent period. Notably, the gaming retailer fell short in meeting projected revenues, even though they managed to secure a quarterly profit.
Today, GameStop unveiled their most recent financial report as the market closed. The revenue they generated amounted to approximately $860 million, falling short of the projected $888 million. Contrary to expectations that the company would incur a loss of $0.06 per share, they instead reported earnings of $0.04 per share.
As a gamer, I’m thrilled to share that the GameStop (GME) stocks took a significant jump during after-hours trading! The closing price was at $26.95, but it surged up to an impressive $30.60 in value later on.
The earnings release also revealed that GameStop reported 71 million directly registered shares as of December 4, 2024.
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2024-12-11 00:57