GameStop (GME) Misses Q2 EPS by 27c

GameStop (NYSE: GME) reported Q2 EPS of ($1.40), $0.27 worse than the analyst estimate of ($1.13). Revenue for the quarter came in at $942 million versus the consensus estimate of $1.02 billion.

2020 Outlook (52 weeks ending January 30, 2021)

• The Company continues to focus on efforts that position it to manage through this unprecedented time, such as maintaining its balance sheet strength, prioritizing the allocation of resources to areas of the business that produce strong cash flow, reducing expenses across the business, developing and expanding its digital strategy, and intensifying inventory discipline. Due to the uncertainty around the duration and evolving impact of COVID-19, the Company is continuing to suspend guidance.

For earnings history and earnings-related data on GameStop (GME) click here.

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