GameStop reports unexpected profit despite fourth-straight quarter of declining sales

Corp. reported a fourth consecutive quarter of falling sales, though the video-game retailer reported an unexpected profit. Revenue fell 31% from a year earlier to $798 million for the second quarter ended Aug. 3, the company said in a statement Tuesday. That compares with the $895.5 million average of two analysts’ estimates, according to data […]

Sep 11, 2024 - 10:00

GameStop reports unexpected profit despite fourth-straight quarter of declining sales

Corp. reported a fourth consecutive quarter of falling sales, though the video-game retailer reported an unexpected profit. Revenue fell 31% from a year earlier to $798 million for the second quarter ended Aug. 3, the company said in a statement Tuesday. That compares with the $895.5 million average of two analysts’ estimates, according to data […] Read More