Company news: GameStop (GME) quarterly results miss analysts’ estimates

GameStop (GME) reported Q1 FY2024 loss of $0.12 per share (versus $(0.14) per share in Q1 FY2023), worse than analysts’ consensus estimate of $(0.09) per share.

The company’s quarterly revenues amounted to $0.882 bln (-28.7% y/y), missing analysts’ consensus estimate of $0.995 bln.

GME rose to $47.39 (+1.80%) in pre-market trading.