GameStop Revenue Beats Estimates on Stronger Software Sales

09/07/2023 08:04
GameStop Revenue Beats Estimates on Stronger Software Sales

GameStop Corp. reported second-quarter sales that narrowly beat analyst’s estimates in its first report since the retail chain ousted its chief executive officer.

GameStop Corp. reported second-quarter sales that narrowly beat analyst’s estimates in its first report since the retail chain ousted its chief executive officer.

Sales rose to $1.16 billion in the quarter ended July 29, the Grapevine, Texas-based company saidBloomberg Terminal Wednesday, ahead of the $1.14 billion average projected by analysts. The company reported a loss, excluding certain items, of 3 cents per share, also ahead of expectations.

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