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GameStop (GME) Reports Q1 Loss, Misses Revenue Estimates
ZACKS· 2024-06-07 12:21
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 ...
GME Leads Meme Stock Volatility Ahead Of ‘Roaring Kitty' YouTube Livestream Friday
Forbes· 2024-06-07 11:39
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 ...
Short squeeze alert for GameStop stock
Finbold· 2024-06-07 10:37
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 ...
GameStop reports a 29% decline in sales and $32 million loss for the first quarter
CNBC· 2024-06-07 10:24
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 ...
GameStop(GME) - 2025 Q1 - Quarterly Results
2024-06-07 10:19
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 ...
GameStop shares soar over 30% in premarket trading ahead of 'Roaring Kitty' YouTube livestream
CNBC· 2024-06-07 10:06
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 ...
GameStop Discloses First Quarter 2024 Results
Newsfilter· 2024-06-07 10:05
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 ...
GameStop Discloses First Quarter 2024 Results
GlobeNewswire News Room· 2024-06-07 10:05
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. ...
GameStop Stock Soars 47% as 'Roaring Kitty' Schedules First Livestream in 3 Years
Investopedia· 2024-06-06 21:50
Key TakeawaysGameStop shares soared 47% Thursday after Keith Gill, also known as "Roaring Kitty," scheduled his first YouTube livestream in more than three years.The livestream is scheduled for Friday at noon Eastern Time and comes after weeks of online activity from Gill that sparked swings in GameStop's stock price.The move comes as Morgan Stanley’s E*Trade reportedly considers banning Keith Gill from the trading platform and regulators investigate trading activity around GameStop amid concerns about whet ...
GameStop shares surge, 'Roaring Kitty' to speak
Fox Business· 2024-06-06 21:01
GameStop shares surged during Thursday's session after online meme stock influencer Keith Gill, also known as "Roaring Kitty," teased a livestream event on Friday. The stock gained 47%, the largest percent increase since May 14, 2024, when it rose 60.1% and capping a rally that spans five of the past six days. Ticker Security Last Change Change % GME GAMESTOP CORP. 46.46 +14.97 +47.54% Investors will be able to tune into the "Roaring Kitty" YouTube channel on Friday at noon Eastern. This is the first time ...