GameStop Q2 Earnings Highlights: Revenue Miss, EPS Beat, Cash Update And More
Portfolio Pulse from Chris Katje
GameStop reported Q2 earnings with a revenue miss but an EPS beat. Net sales were $798M, below the $895.7M estimate, and down from $1.16B last year. EPS was 1 cent, beating the expected loss of 9 cents. All segments saw declines. GameStop holds $4.2B in cash and will not hold a conference call.
September 10, 2024 | 8:23 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
GameStop's Q2 earnings report showed a revenue miss but an EPS beat. Net sales were $798M, below expectations, and all segments saw declines. The company holds $4.2B in cash but will not hold a conference call.
The revenue miss indicates potential challenges in sales, but the EPS beat suggests cost management or other efficiencies. The lack of a conference call may concern investors seeking guidance. The flat after-hours trading suggests a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100