GameStop Q1 Adj. EPS $(0.14) Misses $(0.12) Estimate, Sales $1.24B Miss $1.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
GameStop reported Q1 losses of $(0.17) per share, missing the analyst consensus estimate of $(0.12) by 41.67%. Quarterly sales were $1.24 billion, missing the $1.36 billion estimate by 9.04%.
June 07, 2023 | 8:15 pm
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NEGATIVE IMPACT
GameStop's Q1 earnings report shows losses of $(0.17) per share and sales of $1.24 billion, both missing analyst estimates.
GameStop's Q1 earnings report shows a miss on both EPS and sales estimates. This negative news is likely to cause a short-term decline in the stock price as investors react to the disappointing results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100