Categories AlphaGraphs, Earnings, Leisure & Entertainment
GME Infographic: Highlights of GameStop’s Q2 2022 earnings
GameStop Corp. (NYSE: GME) reported a wider net loss for the second quarter of 2022 when the gaming company’s sales decreased 4% and missed analysts’ expectations.
The company reported a net loss of $108.7 million or $0.36 per share for the latest quarter, on an unadjusted basis, compared to a loss of $61.6 million or $0.21 per share in the same period of last year. The adjusted loss was $0.35 per share, compared to a loss of $0.19 per share in the prior-year quarter. The latest number beat the estimates.
At $1.14 billion, second-quarter net sales were down 4% from the year-ago period. The top line also missed analysts’ estimates.
Check this space to read management/analysts’ comments on GameStop’s Q2 2022 earnings
During the quarter, the company followed up the earlier launch of its digital wallet by launching the non-fungible token marketplace to allow gamers, creators, collectors, and others to buy, sell and trade NFTs.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Richtech’s mission is to transform the service industry through collaborative robotic solutions: President
Richtech Robotics Inc. (NASDAQ: RR) is a leading provider of robotic solutions, developing, manufacturing, and deploying novel products needed for automation in the service industry. The company's solutions include delivery,
What to expect when Darden Restaurants reports Q1 results
Darden Restaurants, Inc. (NYSE: DRI) is scheduled to release its first-quarter report on September 19, with analysts forecasting a year-over-year increase in sales and profit. The market will be keeping a
Oracle (ORCL) sees continued strong revenue growth in FY25
Oracle Corporation (NYSE: ORCL) started the new fiscal year on a high note with stronger-than-expected first-quarter results, driving the stock higher soon after the announcement. The tech giant’s earnings and
