GameStop stock jumped 50% in after-hours: explained here
Economía Las acciones de GameStop subieron un 50 % fuera de horario: explicado aquí Hace 18 minutos Noticias de Bitcoin Ethereum Shares of GameStop Corp (NYSE: GME) shot up nearly 50% in extended hours after the gaming merchandise retailer reported its first quarterly profit in about two years. What CEO Furlong said on the call The Texas-based company also confirmed today that most of its infrastructure, shipping capabilities, systems, and online/mobile platforms related upgrades are now complete. CEO Matt Furlong also said on the earnings call that GameStop is continuing to trim costs and improve terms with suppliers to further improve efficiency and profitability. Its committed to expanding footprint in high-margin categories like toys and collectibles as well, he added. Wall Street currently has a consensus “underweight” rating on the GameStop stock. Notable figures in GameStops Q4 report Earned $48.2 million that translates to 16 cents per share That compares to $147.5 million loss (49 cents) a year ago Sales declined around 1.0% year-on-year to $2.23 billion Consensus was 13 cents loss on $2.18 billion in revenue Pro shares his view on GameStop stock The video game retailer ended the quarter with $682.9 million of inventory – down significantly from $915 last year, as per the earnings press release. Sharing his outlook on the GameStop