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
MRK Earnings: Merck Q1 2024 profit jumps on 9% revenue growth
Pharmaceutical company Merck & Co. Inc. (NYSE: MRK) reported a sharp increase in adjusted earnings for the first quarter of 2024, aided by an increase in revenues. First-quarter worldwide sales
Infographic: A snapshot of Caterpillar’s (CAT) Q1 2024 financial results
Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, on Thursday reported first-quarter 2024 financial results. Sales and revenues for the first quarter of 2024 were $15.8
AAL Earnings: Key quarterly highlights from American Airlines’ Q1 2024 financial results
American Airlines Group Inc. (NASDAQ: AAL) reported its first quarter 2024 earnings results today. Total operating revenues increased 3.1% year-over-year to $12.5 billion. Net loss amounted to $312 million, or $0.48