GameStop (GME) Q3 2024 Earnings: Revenue Misses Expectations Despite Quarterly Profit
GameStop recently released its earnings report for the third quarter of 2024, giving us a peek into its financial performance. Despite turning a profit for the quarter, the popular gaming retailer fell short of revenue expectations.
The report, which came out right as the markets closed, showed that GameStop brought in $860 million in revenue, lower than the anticipated $888 million. Interestingly, while analysts predicted a loss of $0.06 per share, GameStop exceeded expectations by earning $0.04 per share.
Following the earnings announcement, GameStop’s stock saw a significant boost in after-hours trading. Closing the day at $26.95, GameStop shares surged to as high as $30.60.
Additionally, the report disclosed that GameStop had 71 million directly registered shares as of December 4, 2024.
It’s always interesting to see how companies like GameStop perform in the market, and this latest earnings report shows that there’s definitely more to the story.
