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Stock impact report

GameStop Revenue Fell 14% in the Fourth Quarter. Here Are 3 More Reasons Investors Should Steer Clear of This Meme Stock. [Yahoo! Finance]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: Yahoo! Finance
GameStop reported fourth-quarter results yesterday, and while profits grew thanks to cost-cutting, revenue in the quarter was down 14% to $1.1 billion, and it's hard for any business to mount a comeback when sales are falling by double-digits. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Despite that decline, it managed to grow gross profit from $363.4 million to $386.8 million, a reflection of its evolution from a video game retailer to one more focused on collectibles, including trading cards. The company slashed its selling, general, and administrative expenses from $282.5 million to $241.5 million as well, which led to roughly flat net income, or $127.9 million, down from $131.3 million, though that includes a $151 million loss on digital assets. Shares outstanding also spiked due to several at-the-marke Show less Read more
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