GameStop Just Beat Earnings Estimates. Should You Bet on a Turnaround in GME Stock?

GameStop (GME) is back in the news with a surprise profitable third fiscal quarter. The company reported a surprise EPS of 0.24,whichbeatestimatesby0.24, which beat estimates by 0.04, and showed a dramatic improvement from a year ago when it incurred an operating loss to a surprise profit of 41.3million.However,GameStopsstockdroppedinaftermarkethoursdespitebeatingestimates,asitreportedarevenueof41.3 million. However, GameStop's stock dropped in after-market hours despite beating estimates, as it reported a revenue of 821 million, which missed estimates by a huge margin of 4.5% from a year ago. The findings come as a welcome rel ...