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
AVGO Earnings: Broadcom Q4 profit beats estimates; revenue up 4%
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in
Costco’s (COST) stock hits a record high ahead of earnings. Here’s what to look for
As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,
Dollar General (DG) faces challenges from inventory shrink in Q3
Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although
