GameStop Q2 2024 GAAP EPS $0.04 Beats $(0.01) Estimate, Sales $798M Miss $895.670M Estimate
Portfolio Pulse from Benzinga Newsdesk
GameStop reported Q2 2024 earnings per share of $0.04, surpassing the expected loss of $0.01. However, sales were $798 million, missing the $895.67 million estimate and marking a 31.44% decline from the previous year.
September 10, 2024 | 8:05 pm
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GameStop's Q2 2024 earnings per share of $0.04 exceeded expectations, but sales of $798 million fell short of estimates and decreased significantly from last year.
The positive EPS surprise may boost investor sentiment, but the significant sales miss and year-over-year decline could offset this, leading to mixed short-term stock price movements.
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