GameStop Reports Surprising Earnings Growth in Q4 2024
Wednesday, 27 March 2024, 16:54
GameStop Reports Strong Earnings Despite Sales Drop
GameStop Corp. (NYSE: GME) has reported a sharp increase in earnings for the fourth quarter of 2024 despite a decline in sales.
Key Highlights:
- Net income of $63.1 million or $0.21 per share for the January quarter
- Adjusted net income was $0.22 per share
- Fourth-quarter net sales decreased 19% to $1.79 billion
- Cash, cash equivalents, and marketable securities at $1.20 billion
The post GME Earnings: GameStop Q4 2023 earnings rise despite lower sales first appeared on AlphaStreet.
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