Company news: GameStop (GME) posts surprise quarterly profit

GameStop (GME) reported Q2 FY2024 earnings of $0.04 per share (versus $(0.03) per share in Q2 FY2023), better than analysts’ consensus estimate of $(0.09) per share.

The company’s quarterly revenues amounted to $0.798 bln (-31.4% y/y), missing analysts’ consensus estimate of $0.896 bln.

GME fell to $21.35 (-8.96%) in pre-market trading.