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Stock impact report

GameStop's Earnings Report Was Better Than It Seemed [The Motley Fool]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: The Motley Fool
GameStop's Earnings Report Was Better Than It Seemed Adam Levine-Weinberg ( TMFGemHunter Sep , 09 at 8:AM After losing more than three-quarters of their value in less than a year, shares of GameStop NYSE:GME However, investors were disappointed by the steep sales decline and big loss that GameStop reported for the second quarter. The company's weak full-year earnings guidance didn't help matters, either. As a result, GameStop stock plunged 0% on Wednesday, the day following the earnings release. GameStop Stock Performance, data by YCharts Yet while GameStop's financial results look ugly right now, the company is still generating lots of cash flow relative to its valuation and has a rock-solid balance sheet. Management has laid out ambitious cost-cutting plans. Most importantly, some of the recent pressure on its sales stems from cyclical factors Sony NYSE:SNE Microsoft NASDAQ:MSFT The second quarter by the numbers Comparable-store sales plunged 0.% Hardware sales plunged .%, driving m Show less Read more
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