Shares of GameStop Corp. were up 12.4% in extended trading after the videogame retailer reported a surprise third-quarter profit, despite falling sales.
Video game retailer GameStop Corp GME reported third-quarter financial results after the market close Tuesday.
GameStop Corp (NYSE:GME) shares moved lower afterhours as the video game store reported a year-over-year decline in third quarter revenue amid fierce competition from online retail giants. Revenue fell to $860 million from $1.08 billion in the year-ago quarter, short of the 900 million expected by Wall Street analysts.
Videogame retailer GameStop reported a fall in third-quarter revenue on Tuesday, hit by a continued slump in spending at its brick-and-mortar stores as consumers shift to online platforms.
Meme stocks AMC and GameStop are unpredictable and have risen and fallen on social media hype. The post Meme Stocks Soar Then Dive After 'Roaring Kitty' Ignites Frenzy; GameStop Earnings Ahead; Are Meme Stocks A Buy Now?
GameStop, Oracle, Adobe, and Costco report earnings this week. Key insights could move Dow, S&P, and Nasdaq as traders assess retail and tech strength.
GameStop (GME) shares will likely remain in the spotlight on Monday ahead of the video game retailer's eagerly anticipated earnings report due after the bell on Tuesday, especially following a post from social media influencer “Roaring Kitty” Keith Gill that sent the stock soaring last week.
The Fed's focus shifts back to inflation with a key CPI report ahead of the last FOMC meeting of 2024. Key earnings reports this week include Oracle, GameStop, Adobe, Broadcom, and Costco.
GameStop's next quarterly results are due next week. But as is often the case with the retailer, the numbers it reports aren't necessarily the main event.
The videogame retailer's shares jumped following the latest cryptic post from influential trader Keith Gill, aka “Roaring Kitty.”
Thursday, December 5, proved an unexpectedly good day for the main meme stock, with both GameStop (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC) rallying approximately 5% on a somewhat cryptic tweet by Keith Gill – the Roaring Kitty of the 2021 short squeeze fame.
GameStop Corp. GME is back in the spotlight as it gears up for third-quarter earnings on Tuesday, Dec. 10, after the market close.