GameStop’s shares were down more than 15% in pre-market trading after the company reported a wider-than-expected sales drop — just hours before a highly anticipated YouTube livestream from star retail investor “Roaring Kitty” was expected to send the stock surging.The video-game retailer said Friday its net sales tumbled to $881.8 million in the quarter ended May 4, compared with $1.24 billion a year earlier. That was worse than Wall Street expected, with two analysts having predicted sales of $900 million ...

I have historically been very bearish on GameStop (NYSE:GME), mainly due to key fundamental factors. The company continues to see revenue deterioration and the ultimate impact of online competition should render its business model obsolete over the very long term. That is why there is so much short interest in this name.However, GME stock has been skyrocketing in recent days, surging more than 45% yesterday alone. This recent surge is thanks to Keith Gill, also known as Roaring Kitty on YouTube and DeepF——V ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

GameStop (GME) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this video game retailer would post earnings of $0.25 per share when it actually produced earnings of $0.22, delivering a surprise of -12%.Over the last four quarters, the company has surp ...

ToplineShares in GameStop, AMC Entertainment and other meme stocks were on a rollercoaster during premarket trading Friday after “Roaring Kitty,” the finance influencer credited with kickstarting the original meme stock craze, scheduled his first livestream in years.GameStop is one of the meme stocks soaring after a return to activity for Roaring Kitty. Getty Images Key FactsGameStop shares jumped by a third to more than $61 in premarket trading Friday morning, after climbing more than 47% during regular tr ...

No stock is currently garnering more attention on Wall Street than GameStop (NYSE: GME), thanks to Keith Gill, aka Roaring Kitty, taking on institutional short-sellers again and earning a hefty sum.Since disclosing his GME stock position on June 3, valued at $180 million at that time, GME shares have surged by 167.44%. This includes pre-market gains of 35.42% at the time of writing, reaching a pre-market price of $63.04.GME stock surge since Roaring Kitty disclosed his position. Source: Google FinanceWith h ...

Traders walk the floor during morning trading at the New York Stock Exchange (NYSE) on May 14, 2024 in New York City.GameStop reported its first-quarter results Friday, showing a steep decline in sales along with a loss on the bottom line. The video game retailer posted net sales of $881.8 million for the period. That's down 29% from $1.237 billion a year prior. The company lost $32.3 million during the quarter, a narrower loss than the $50.5 million suffered in the year-earlier period.The first quarter res ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 17, 2024 GameStop Corp. (Exact name of registrant as specified in its charter) Delaware 1-32637 20-2733559 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No .) 625 Westport Parkway, Grapevine, TX 76051 (817) 424-2000 (Address, including ...

The Gamestop company logo is seen on display at the New York Stock Exchange during afternoon trading on June 03, 2024 in New York City.GameStop shares jumped over 30% in premarket trading early Friday, ahead of a YouTube livestream scheduled by "Roaring Kitty," the man who inspired 2021′s epic short squeeze.By 6 a.m. ET, shares were up 30.68% in premarket trading, off earlier highs. It follows sharp gains Thursday for the volatile stock after the trader announced the livestream — his first in almost four ye ...

GRAPEVINE, Texas, June 07, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the first quarter ended May 4, 2024. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. FIRST QUARTER OVERVIEW Net sales were $0.882 billion for the first quarter, compared to $1.237 billion in the prior year's first quarter.Selling, general and administrative ("SG&A") expenses were $295.1 million, or 33.5 ...