Categories AlphaGraphs, Earnings, Leisure & Entertainment
GME infographic: Highlights of GameStop’s Q1 2022 earnings
GameStop Corp. (NYSE: GME) reported a wider net loss for the first quarter of 2022. Meanwhile, the gaming company’s sales increased 8% and topped analysts’ expectations.
The company reported a net loss of $157.9 million or $2.08 per share for the latest quarter, on an unadjusted basis, compared to a loss of $66.8 million or $1.01 per share in the same period of last year. The adjusted loss was $2.08 per share, compared to a loss of $0.45 per share in the prior-year quarter.
At $1.38 billion, first-quarter net sales were up 8% from the year-ago period. The top line also exceeded analysts’ estimates.
Read management/analysts’ comments on GameStop’s Q1 2022 earnings
During the quarter, the management took steps to support the recent launch of a digital asset wallet to allow gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens across decentralized apps. The wallet extension will enable transactions on GameStop’s NFT marketplace upon its intended launch in the second quarter.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Infographic: How Starbucks (SBUX) performed in Q1 2023
Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today. Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections. Global comparable store sales increased
Earnings: Google parent Alphabet (GOOG, GOOGL) reports lower Q4 profit
Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search
HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results
Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,
