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
Infographic: How Cintas (CTAS) performed in Q1 2021
Cintas Corporation (NASDAQ: CTAS) reported first quarter 2021 earnings results today. Revenue was $1.75 billion, down 3.6% year-over-year. Net income rose 19% to $300 million, or $2.78 per share, from
General Mills Q1 results top Wall Street expectations: Infographic
General Mills (NYSE: GIS) reported first-quarter 2020 financial results before the opening bell on Wednesday. The company reported a 9% increase in Q1 revenues to $4.36 billion, beating the Wall
JinkoSolar (JKS) Q2 Earnings: Key financials and quarterly highlights
JinkoSolar Holding Co., Ltd. (NYSE: JKS) reported second quarter 2020 earnings results today. Total revenues increased 22.2% year-over-year to RMB8.45 billion ($1.20 billion), exceeding the company’s guidance of $1.10 billion to $1.18 billion. The growth was