GameStop (NYSE: GME) swung to a loss in the first quarter of 2020, hurt by COVID-19 pandemic. The company’s adjusted loss was wider than market’s expectations and revenue fell shy of the estimates. GME stock fell about 2% immediately after the earnings announcement.
GameStop suspended the fiscal 2020 outlook. At the end of May 2020, the company had approximately 85% of its U.S. locations open to limited customer access or curbside delivery and approximately 90% of its international locations open.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard