Categories Analysis, Leisure & Entertainment
GME Earnings: GameStop reports net loss for Q1 2024; sales fall 29%
GameStop Corp. (NYSE: GME) Friday reported a net loss for the first quarter of 2024 when the video game company’s sales declined sharply.
The company posted a net loss of $32.3 million or $0.11 per share for the April quarter, compared to a loss of $50.5 million or $0.17 per share in the same period last year. On an adjusted basis, the loss per share was $0.12 in Q1, compared to a loss of $0.14 per share in the year-ago quarter.
The bottom line was negatively impacted by a 29% fall in net sales to $881.8 million during the three months. Cash, cash equivalents, and marketable securities were $1.08 billion at the close of the quarter.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
BLK Q4 Preview: BlackRock appears poised for another earnings beat
BlackRock, Inc. (NYSE: BLK), the largest asset management company, is expected to publish its fourth-quarter 2025 results next week. The update is expected to shed light on how the firm’s
A look at Best Buy’s (BBY) progress on its growth strategy
Shares of Best Buy Co., Inc. (NYSE: BBY) fell over 3% on Wednesday. The stock has dropped 17% over the past 12 months. The consumer electronics retailer delivered sales and
Citigroup set to report Q4 2025 earnings. Here’s what to expect
Citigroup Inc. (NYSE: C) has undergone a sweeping transformation in recent years, emerging as a more streamlined and profitable financial institution. The bank's performance in recent quarters has underscored the
