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Stock impact report

After a Dismal Q2, GameStop Prepares for More Store Closings [The Motley Fool]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: The Motley Fool
After a Dismal Q2, GameStop Prepares for More Store Closings Rich Duprey ( TMFCop Sep , 09 at :0PM GameStop NYSE:GME no catalyst for growth However, its second-quarter earnings report also seemingly negated Burry's second assertion about the company -- that it should immediately begin buying back $7 million worth of stock to inflate its earnings per share. GameStop's top and bottom-lines results were so much worse than analysts expected that the video game retailer just might want to preserve its cash for the leaner times to come. Online gaming is causing GameStop's business to wither away. Image source: Getty Images. Bad news all around GameStop reported revenue of $.9 billion, .% below the $.0 billion it recorded in the year-ago period and also short of analysts' consensus prediction of $. billion. Losses also widened considerably, going from $ million ($0. per share) last year to $ million ($. per share) this time around. A large chunk of that was due to goodwill impairment, but ev Show less Read more
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