Categories AlphaGraphs, Earnings, LATEST, Leisure & Entertainment
GameStop (GME) Earnings: Q1 loss narrows on 25% sales growth
Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first quarter of 2021, aided by a 25% increase in net sales.
Net loss, adjusted for special items, came in at $0.45 per share in the first quarter of 2021, which marked an improvement from the year-ago period when the company incurred a loss of $2.44 per share. The latest number also beat the estimates.
On a reported basis, it was a loss of $66.8 million or $1.01 per share, compared to a loss of $165.7 million or $2.57per share in the first quarter of 2020. The improvement reflects a 25% increase in sales to $1.28 billion. Analysts had forecast a slower top-line growth.
Read management/analysts’ comments on GameStop’s Q1 earnings
Shares of the company closed Wednesday’s trading higher but declined in the after-market hours. The value more than doubled in the last 30 days alone.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
WMT Earnings: All you need to know about Walmart’s Q2 2023 earnings results
Walmart Inc. (NYSE: WMT) reported second quarter 2023 earnings results today. Total revenue increased 8.4% year-over-year to $152.9 billion. Revenues grew 9.1% in constant currency. Consolidated net income attributable to
Rivian (RIVN) reaffirms production goals. Will it be a smooth ride?
The evolution of the electric vehicle industry accelerated in recent years even as innovations in battery technology and affordability brought EVs into the mainstream. Encouraged by the success of market
Pfizer (PFE): A look at the headwinds and tailwinds this pharma giant faces in the near term
Shares of Pfizer Inc. (NYSE: PFE) were down on Monday. The stock has dropped 15% year-to-date and there is a mixed sentiment surrounding the company’s growth prospects. Pfizer has benefited
