From Barchart: 2024-12-11 12:09:00

GameStop (NYSE:GME) reported mixed third-quarter results, beating earnings expectations but falling short on revenue. The stock surged 8% following the news. Adjusted earnings per share were $0.06, exceeding the projected $0.05 loss. However, revenue dropped to $860.3 million, missing estimates and marking a 20.2% decrease from last year’s $1.08 billion.

Revenue decline was seen across GameStop’s key segments: hardware and accessories at $417.4 million, software at $271.8 million, and collectibles at $171.1 million. Despite this, the company posted a net income of $17.4 million for the quarter, a significant improvement from the previous year’s $3.1 million net loss.

GameStop ended the quarter with $4.62 billion in cash and marketable securities, maintaining a strong liquidity position.



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