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HomeMarketGME Earnings: GameStop swings to revenue in Q2; gross sales down 31%...

GME Earnings: GameStop swings to revenue in Q2; gross sales down 31% | AlphaStreet

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GameStop Corp. (NYSE: GME) has reported a revenue for the second quarter of 2024 in comparison with a loss final yr. The online game firm’s gross sales declined 31% in Q2.

GameStop reported web earnings of $14.8 million or $0.04 per share for the July quarter, in comparison with a lack of $2.8 million or $0.01 per share in the identical interval final yr. On an adjusted foundation, earnings per share was $0.01 in Q2, in comparison with a lack of $0.03 per share within the year-ago quarter.

Internet gross sales declined to $798.3 million within the second quarter from $1.16 billion within the prior-year interval. Money, money equivalents, and marketable securities had been $4.2 billion on the shut of the quarter.

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