Categories AlphaGraphs, Earnings, Leisure & Entertainment
GME infographic: Highlights of GameStop’s Q4 2021 earnings
GameStop Corp. (NYSE: GME) has reported a surprise loss for the fourth quarter of 2021, compared to profit last year. Meanwhile, sales increased 6% and topped analysts’ expectations.
The company reported a net loss of $147.5 million or $1.94 per share for the latest quarter, on an unadjusted basis, compared to a profit of $80.5 million or $1.19 per share in the same period of last year. The adjusted loss was $1.86 per share, compared to earnings of $1.34 per share in the prior-year quarter.
At $2.25 billion, foruth-quarter net sales were up 6% from the year-ago period. The top-line also exceeded analysts’ estimates.
Read management/analysts’ comments on GameStop’s Q4 2021 earnings
During the quarter, the company established new and expanded brand relationships, including with PC gaming companies such as Alienware, Corsair, and Lenovo, that contributed to sales growth. It also grew PowerUp Rewards Pro members by 32% on a year-over-year basis, taking total membership to about 5.8 million.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion
