GameStop Q4 Sales $1.794B Miss $2.050B Estimate
Portfolio Pulse from Benzinga Newsdesk
GameStop reported Q4 earnings of $0.21 per share, missing the consensus estimate of $0.25 by 16%. Quarterly sales were $1.794 billion, missing the estimate of $2.050 billion by 12.47%.
March 26, 2024 | 8:06 pm
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NEGATIVE IMPACT
GameStop's Q4 earnings and sales missed analyst estimates, indicating potential short-term negative impact on stock price.
Missing both earnings per share and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price as market expectations are not met.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100