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
Trxade (MEDS) is increasing the breadth of product offerings: CEO Suren Ajjarapu
Trxade Health Inc. (NASDAQ: MEDS) is an online pharmaceutical marketplace that provides a platform for independent pharmacies to operate more effectively. The company’s digital platform helps optimize drug procurement and
AMAT Stock: Is now the right time to invest in Applied Materials?
It is estimated that the size of the global chip manufacturing equipment market would nearly double from the current levels to about $142 billion in the next eight years. Applied
Here’s a look at Take-Two Interactive Software’s (TTWO) expectations for the coming year
Shares of Take-Two Interactive Software (NASDAQ: TTWO) were down over 2% on Friday. The stock has dropped 32% year-to-date and 35% over the past 12 months. Earlier this week, the
