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22.03.2023

Company news: GameStop (GME) posts surprise quarterly profit

GameStop (GME) reported Q4 FY2022 earnings of $0.16 per share (versus -$1.86 per share in Q4 FY2021), better than analysts’ consensus estimate of -$0.16 per share. That marked the company’s first quarterly profit in two years.

The company’s quarterly revenues amounted to $2.226 bln (-1.2% y/y), beating analysts’ consensus estimate of $2.180 bln.

GME rose to $26.20 (+48.44%) in pre-market trading.

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