GameStop reports narrower-than-expected loss in Q2 as costs fall

Investing.com -- GameStop reported Wednesday a narrower than expected loss as cost cutting measures kept a lid on losses.

GameStop Corp (NYSE: GME) rose nearly 1% in afterhours following the report.

The company reported an adjusted loss of $0.03 a share on revenue of $1.16B, topping Wall Street's estimates for an adjusted loss of $0.14 on revenue of 1.14B.

Selling, general and administrative expenses fell to $322.5M in the quarter from $387.5M a year earlier.

Inventory, meanwhile, fell to $83.5M for the quarter from $179.5M in the same period a year earlier.

You May Also Be Interested In

• GameStop shares rise as CEO Ryan Cohen buys $10.6 million in stock
• Jefferies names top pick in India medical supplies sector
• Google unveils Gemini 4 Argon