Recap: GameStop Q1 Earnings
Portfolio Pulse from Benzinga Insights
GameStop (NYSE:GME) reported Q1 earnings with a miss of 16.67%, posting an EPS of $-0.14 against an estimate of $-0.12. Revenue was down $141 million YoY. Last quarter, the company beat EPS estimates, resulting in a 35.24% share price increase the following day.
June 07, 2023 | 8:20 pm
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GameStop's Q1 earnings missed estimates with an EPS of $-0.14, 16.67% lower than expected. Revenue decreased by $141 million compared to the same period last year.
GameStop's Q1 earnings miss and lower revenue compared to last year are likely to negatively impact the stock price in the short term. The company's previous quarter's earnings beat led to a significant share price increase, but this quarter's miss may reverse that trend.
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