GameStop Q2 Earnings Highlights: Revenue Beat, EPS Beat, No Conference Call
Portfolio Pulse from Chris Katje
GameStop Corporation (NYSE:GME) reported Q2 net sales of $1.16 billion, up 2.5% YoY, beating analysts’ consensus estimates of $1.14 billion. The company reported a loss of 3 cents per share, better than the estimated loss of 14 cents per share. GameStop reported $4.3 million in restructuring costs related to its European operations and ended the quarter with $1.195 billion in cash and cash equivalents. The company will not hold a conference call to discuss the results. A movie about GameStop investors versus hedge funds will be released by Sony Group Corp (NYSE:SONY) on Sept. 22.
September 06, 2023 | 8:49 pm
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NEUTRAL IMPACT
Sony is releasing a movie about GameStop investors, which could put GameStop shares back in the spotlight.
The release of Sony's movie about GameStop investors could draw attention to GameStop shares, but it's uncertain how this will impact Sony's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
GameStop reported better than expected Q2 results, which could positively impact its stock price.
GameStop's better than expected Q2 results and the absence of long-term debt could boost investor confidence, potentially leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100