GameStop Reports Fourth Quarter and Fiscal Year 2022 Results
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GameStop (GME) leads meme stock rally after posting surprise 4Q profit
March 22, 2023 12:27 PM EDTShares of GameStop are up 37.28% in mid-day trading on Wednesday after the video game retailer posted its first profitable quarter since January 2021. The company reported a net income of $48.2 million, compared to a net loss of $147.5 million for the prior years fourth quarter.
Shares for other meme stocks popularized during the pandemic, including AMC Entertainment and Bed Bath & Beyond, also increased as a result.
GameStop CEO Matt Furlong told investors during a post-earnings call Tuesday that the companys profit was impacted mainly by a decision to cut costs,... More
AMC (AMC), Bed Bath & Beyond (BBBY), Other Meme Stocks on Watch After GameStop (GME) Q4 Results Beat
March 21, 2023 4:17 PM EDTAMC (NYSE: AMC), Bed Bath & Beyond (NASDAQ: BBBY), Other Meme Stocks on Watch After GameStop (NYSE: GME) Q4 Results Beat
GME +33%AMC +3%BBBY +5%... MoreGameStop (GME) Surges 30% After Q4 Results Beat Consensus
March 21, 2023 4:10 PM EDTGameStop (NYSE: GME) Surges 30% After Q4 Results Beat Consensus
GameStop (GME) Tops Q4 EPS by 29c, Revenue Beats
March 21, 2023 4:05 PM EDTGameStop (NYSE: GME) reported Q4 EPS of $0.16, $0.29 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $2.23 billion versus the consensus estimate of $2.18 billion.
For earnings history and earnings-related data on GameStop (GME) click here.
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