Categories AlphaGraphs, Earnings, Leisure & Entertainment
GameStop (GME) reports wider Q2 loss; sales fall 27%
GameStop (NYSE: GME) reported a wider net loss for the second quarter of 2020, hurt by the pandemic-related slump that weighed on its sales. The results also missed the market’s projection and the video game firm’s stock declined on Wednesday evening.
Adjusted loss widened to $1.40 per share in the July-quarter from $0.32 per share in the same period of 2019 and missed the Street view. On an unadjusted basis, the company reported a loss of $111.3 million or $1.71 per share for the most recent quarter, compared to a loss of $415.3 million or $4.15 per share last year.
The weakness in the bottom-line performance reflects a 27% fall in net sales to $942 million. Market watchers were looking for a higher number for the second quarter of 2020.
GameStop’s stock, which had been in a free fall for several years, regained a part of the lost momentum this year. The stock ended Wednesday’s trading lower and lost further during the extended session.
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
