GameStop to release next earnings report on Dec. 8, and here's what analysts expect

GameStop to release next earnings report on Dec. 8, and here's what analysts expect

GameStop Corp. GME, -13.59% said Wednesday that it volition study fiscal third-quarter net results connected Dec. 8, aft the closing bell. The videogame and user electronics retailer volition big a post-earnings league telephone for investors and analysts astatine 5 p.m. Eastern connected the aforesaid day. The FactSet statement for per-share losses for the 4th done October is 52 cents, aft a nonaccomplishment of 53 cents a twelvemonth ago, portion gross is projected to emergence 18.3% to $1.19 billion. The institution reported a wider-than-expected per-share nonaccomplishment successful the 2nd quarter, and has missed bottommost enactment expectations 5 times successful the past 8 quarters. GameStop bushed gross expectations the past 2 quarters, but missed forecasts for nine-straight quarters earlier that, according to FactSet. The banal roseate 0.2% connected the time aft second-quarter results were reported, but tumbled an mean 23.9% connected the time aft results were reported the erstwhile 4 quarters. The stock, which roseate 1.3% successful premarket trading, has edged up 1.7% implicit the past 3 months done Tuesday but has rocketed 1,035.4% twelvemonth to date, portion the S&P 500 SPX, +0.17% has gained 4.6% the past 3 months and precocious 24.9% this year.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow