GameStop Q2 EPS $(0.03) Beats $(0.14) Estimate, Sales $1.16B Beat $1.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
GameStop reported Q2 losses of $(0.03) per share, beating the analyst consensus estimate of $(0.14) by 78.57%. This is a 91.43% increase over losses from the same period last year. The company also reported quarterly sales of $1.16 billion, beating the analyst consensus estimate of $1.14 billion by 2.11%. This is a 2.46% increase over sales from the same period last year.
September 06, 2023 | 8:05 pm
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POSITIVE IMPACT
GameStop's Q2 results beat analyst estimates for both EPS and sales. The company's losses per share improved significantly compared to the same period last year.
GameStop's better-than-expected Q2 results, including a significant improvement in losses per share, could positively impact investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100