jetcityimage September 10th ended up being a really painful day for shareholders of video game retailer GameStop (NYSE:GME). After the market closed, the stock plunged roughly 10%. This was in response to disappointing financial results covering the second quarter of the company's 2024 fiscal year. Revenue fell short of expectations, but earnings exceeded what analysts anticipated. Normally, this would not have resulted in such a painful drop in price. However, the magnitude of the drop in sales was sig ...

GameStop (GME) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this video game retailer would post a loss of $0.10 per share when it actually produced a loss of $0.12, delivering a surprise of -20%.Over the last four quarters, the compan ...

RiverNorthPhotography Under CEO Ryan Cohen's leadership, GameStop Corp. (NYSE:GME) is attempting to turn around the unprofitable merchandise. While I think Ryan Cohen has done a great job reducing costs and improving profitability, the gaming hardware and software retail market is likely to face strong competition from both game publishers and big retailers such as Walmart Inc. (WMT) and Amazon.com, Inc. (AMZN). As a retailer, GameStop is unlikely to successfully turn around their core business in the futur ...

Key TakeawaysGameStop swung to an unexpected profit in the second quarter, but its sales fell 31% and missed expectations.The meme stock standout struggled Tuesday before its results came out, but the stock is still substantially higher year-to-date.GameStop did not issue guidance, nor did it schedule an earnings call. GameStop's (GME) second quarter sales declined year-over-year, missing Wall Street's expectations, but the video game retailer managed to swing to a surprise profit. Revenue in the latest was ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

财务表现 - 公司第三季度总销售额下降31.4%至7.98亿美元[78] - 第三季度硬件及配件销售下降24.4%、软件销售下降47.7%、收藏品销售下降17.9%[82,83] - 第三季度毛利率上升至31.2%,主要由于存货管理改善[85] - 公司三个月期间的销售、一般及管理费用(SG&A)下降16.0%,占销售额的比例增加至33.9%[86] - 公司六个月期间的销售、一般及管理费用(SG&A)下降15.3%,占销售额的比例增加至33.7%[87,88] - 公司三个月和六个月期间的净利息收入分别为3950万美元和5440万美元,去年同期分别为1160万美元和2130万美元[89] - 公司三个月和六个月期间的所得税费用分别为270万美元和-70万美元,去年同期分别为-20万美元和-30万美元[90,91] 业务布局 - 公司在美国、加拿大、澳大利亚和欧洲四个地区经营业务[72] - 公司正在优化门店组合,预计将关闭更多门店[74] 资金管理 - 公司成立投资委员会,负责管理公司的证券投资组合[75,76] - 公司截至2024年8月3日的现金及现金等价物为41.93亿美元,有价证券为1.11亿美元[93] - 公司于2024年5月和6月通过"随时发行"计划共发行1.2亿股普通股,筹集约30亿美元[101,102] - 公司六个月期间经营活动产生的现金流出为4120万美元,去年同期为21180万美元[102,103] - 公司六个月期间投资活动产生的现金流入为26.82亿美元,去年同期为现金流出5890万美元[106] - 公司六个月期间筹资活动产生的现金流入为305.02亿美元,去年同期为现金流出550万美元[107]

Video game retailer GameStop Corporation GME reported second-quarter financial results Tuesday after market close.Here are the key highlights.What Happened: GameStop reported second-quarter net sales of $798.0 million, which missed a Street consensus estimate of $895.7 million, according to data from Benzinga Pro.Net sales were down from last year's second quarter total of $1.16 billion.The company reported a profit of 1 cent per share, beating a Street consensus estimate of a loss of 9 cents per share.Net ...

财务表现 - 第二季度净销售额为7.983亿美元，同比下降31.4%[2] - 前26周净销售额为16.801亿美元，同比下降30.0%[9] - 公司26周期内的总销售额为16.801亿美元，其中硬件及配件占56.9%，软件占26.6%，收藏品占16.5%[19] - 公司13周期内的总销售额为7.983亿美元，其中硬件及配件占56.5%，软件占26.0%，收藏品占17.5%[19] 盈利情况 - 第二季度净利润为1,480万美元，去年同期为净亏损280万美元[2] - 前26周亏损为1,750万美元，去年同期亏损5,330万美元[9] - 公司26周期内的调整后营业亏损为8650万美元[23] - 公司26周期内的调整后净亏损为3140万美元[23] - 公司26周期内的调整后每股亏损为0.09美元[23] - 公司13周期内的调整后营业亏损为3160万美元[23] - 公司13周期内的调整后净利润为520万美元[23] - 公司13周期内的调整后每股收益为0.01美元[23] 费用管控 - 销售、一般及管理费用为2.708亿美元，占净销售额的33.9%，同比上升6.2个百分点[2] - 前26周销售、一般及管理费用为5.659亿美元，占净销售额的33.7%，同比上升5.9个百分点[9] 现金流管理 - 截至季末，现金、现金等价物和有价证券总额为42.04亿美元[2] - 公司26周期内的自由现金流为-4920万美元[28] - 公司13周期内的自由现金流为6550万美元[28] 未来发展策略 - 公司将继续关注成本管控和现金流管理[5] - 公司将进一步加强数字化转型和新业务拓展[5] 其他 - 公司不会召开电话会议[2]

GRAPEVINE, Texas, Sept. 10, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the second quarter ended August 3, 2024. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com. SECOND QUARTER OVERVIEW Net sales were $0.798 billion for the second quarter, compared to $1.164 billion in the p ...

Facade with sign and logo at Game Stop video gaming store in Dublin, California, August 23, 2018. ... [+] (Photo by Smith Collection/Gado/Getty Images)Getty ImagesGame Stop is scheduled to report earnings after Tuesday’s close. The stock hit a record high of $120.75/share in 2021 and is currently trading near $23. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, ...