Jim Cramer Jokes About The 'Bright Side' Of GameStop Skipping Earnings Call After Stock Falls Nearly 17%: 'I Don't Have To Listen To...'
Portfolio Pulse from Benzinga Neuro
Jim Cramer humorously commented on GameStop Corporation (NYSE:GME) not holding an earnings call after its Q4 financial results led to a nearly 17% drop in stock price. GameStop's Q4 net sales were $1.794 billion, below the expected $2.05 billion, with earnings per share at 22 cents, missing the 29 cents estimate. The company's annual sales also declined, but it reported $1.2 billion in cash and no long-term debt outside of a COVID-19 related loan. GameStop's shares fell to $12.89 in after-hours trading.
March 27, 2024 | 6:06 am
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GameStop's Q4 results showed a significant decline in net sales and earnings per share, missing consensus estimates, leading to a nearly 17% drop in its stock price.
The significant drop in GameStop's stock price is directly attributed to its Q4 financial results missing analyst expectations. The decision not to hold an earnings call may further impact investor confidence negatively, as it limits transparency and direct communication about the company's performance and future plans.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100