GameStop Q3 Earnings: Revenue Miss, $4B+ Cash, No More Offerings Planned In Fiscal Year
What Happened: GameStop reported third-quarter net sales of $860.3 million, down from last year's third-quarter total of $1.08 billion. The total missed a Street consensus estimate of $887.7 million, according to data from Benzinga Pro.
GameStop (GME) Q3 2024 earnings results miss revenue expectations in spite of quarterly profit
GameStop’s latest earnings report was released at the close of markets today. GameStop made $860 million in revenue, missing the expectation of $888 million. While the company was expected to lose $0.06 per share, GameStop ended up making $0.04 per share.
GameStop (NYSE:GME) Reports Sales Below Analyst Estimates In Q3 Earnings
Video game retailer GameStop (NYSE:GME) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 20.2% year on year to $860.3 million. Its non-GAAP profit of $0.06 per share was significantly above analysts’ consensus estimates.
GameStop Corp. Q3 Earnings Summary
Below are the earnings highlights for GameStop Corp. (GME): Earnings: $17.4 million in Q3 vs. -$3.1 million in the same period last
GameStop: Fiscal Q3 Earnings Snapshot
(GME) on Tuesday reported net income of $17.4 million in its fiscal third quarter. On a per-share basis, the Grapevine, Texas-based company said it had net income of 4 cents. Earnings, adjusted for asset impairment costs and non-recurring costs,
Watch Shacknews' GameStop (GME) Q3 2024 earnings reaction here
We're reacting to GameStop's Q3 2024 earnings report live! GameStop (GME) will release its Q3 2024 earnings report at the close of markets today. GameStop no longer holds quarterly earnings calls, but we’ll be live to react to the report in realtime.
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