GameStop Q3 EPS $(0.01), Sales $1.08B vs $1.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
GameStop reported Q3 earnings with a loss of $(0.01) per share, outperforming the consensus estimate of $(0.08) by 87.5%. Year-over-year, this represents a 96.77% improvement from a $(0.31) loss per share. However, quarterly sales of $1.08B fell short of the $1.18B estimate by 8.64% and marked a 9.11% decline from the previous year's $1.19B.
December 06, 2023 | 9:06 pm
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NEUTRAL IMPACT
GameStop's Q3 EPS of $(0.01) surpassed estimates, showing a substantial year-over-year improvement. However, sales declined both from last year and against expectations.
The better-than-expected EPS may provide a short-term positive sentiment, but the miss on revenue estimates and year-over-year sales decline could raise concerns about growth, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100