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17.05.2024 14:08:30 - dpa-AFX: GameStop Prel. Q1 Net Loss Narrows, But Sales Decline; Shares Tank In Pre-Market
WASHINGTON (dpa-AFX) - GameStop Corp. (GME), a video game and consumer
electronics retailer, on Friday posted a preliminary loss for the first-quarter
that narrowed from last year. However, sales dropped.
For the first-quarter, the company expects to post a net loss of $27 million to
$37 million, compared with a net loss of $50.5 million, recorded for the same
period last year.
GameStop projects selling, general, and administrative expenses of $290 million
to $300 million, compared with $345.7 million in 2023.
Net sales are expected to be in the range of $0.872 billion to $0.892 billion,
compared with $1.237 billion a year ago.
GME was trading down by 24.30 percent at $20.94 in the pre-market trade on the
New York Stock Exchange.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
electronics retailer, on Friday posted a preliminary loss for the first-quarter
that narrowed from last year. However, sales dropped.
For the first-quarter, the company expects to post a net loss of $27 million to
$37 million, compared with a net loss of $50.5 million, recorded for the same
period last year.
GameStop projects selling, general, and administrative expenses of $290 million
to $300 million, compared with $345.7 million in 2023.
Net sales are expected to be in the range of $0.872 billion to $0.892 billion,
compared with $1.237 billion a year ago.
GME was trading down by 24.30 percent at $20.94 in the pre-market trade on the
New York Stock Exchange.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
GameStop Corp | A0HGDX | NYSE | 28,110 | 13.06.24 20:00:21 | +2,650 | +10,41% | 28,060 | 28,150 | 29,170 | 25,460 |
