Shares of AMC Entertainment Holdings Inc. and Bed Bath & Beyond Inc. soared in premarket trading Wednesday, as fellow “meme stock” GameStop Corp. skyrocketed after the consumer electronics and video games seller reported a surprise fiscal fourth-quarter profit. GameStop’s GME, +40.79% stock extended its sharp bounce Tuesday off a two-year low after its earnings report,…
GameStop Corp. stock jumped 48% in the extended session Tuesday after the specialty retailer reported a surprise quarterly profit and sales that were above Wall Street expectations. The retailer is “aggressively focused on year-over-year profitability improvement while still pursuing pragmatic long-term growth,” Chief Executive Matt Furlong said at the company’s call after the results. GameStop…
Executives at toy maker Mattel Inc. said they expect growth this year in dolls such as Barbie and toy cars such as Hot Wheels. One not-so-hot spot for the year ahead? Action figures. UBS analysts, in a note dated Wednesday recapping a conversation with Mattel’s MAT, -10.68% management, said executives were expecting a big drop…
GameStop Corp. reported its seventh consecutive quarterly loss after the market closed on Wednesday and highlighted its goal of returning to profitability in the near term, but analysts warn there are plenty of challenges ahead. “Throughout 2021 and 2022, we were extremely focused on repairing our decayed foundations,” said GameStop GME, +8.54% CEO Matt Furlong…
GameStop Corp. reported third-quarter results that missed analysts’ estimates as well as a revenue decline after the market close on Wednesday. GameStop GME, -4.83% said it lost $94.7 million, or 31 cents a share, in the third quarter, compared with a loss of $105.4 million, or $1.39 a share, in the prior year’s quarter. Adjusted…
Meme stock GameStop has been on a wild ride in the last couple of years, but cash burn and lack of profitability loom large over the video game retailer. Last week GameStop Corp’s GME, +0.98% stock surged after the the company reported a narrower-than expected loss and also announced a partnership with cryptocurrency exchange FTX….
Shares of Bed Bath & Beyond Inc. BBBY, +6.25% soared Monday, to buck broad-market weakness for a second day, as meme-stock investors expressed optimism ahead of the home goods retailer’s strategic update. The stock rocketed 24.8% to close Monday at $13.35 while the S&P 500 index SPX, -0.36% slipped 0.7%. The stock shot up another…
GameStop Corp. shares fell in after-hours trading Thursday, after the company revealed that its chief financial officer had been terminated amid reports of layoffs. GameStop GME stock declined more than 5% in the extended session after Axios reporter Stephen Totilo reported that an internal email had disclosed the departure of CFO Mike Recupero and “a…
Fixes headline to reflect that GameStop’s loss widened during the quarter. GameStop Corp. stock rose slightly in the extended session Wednesday after the specialty retailer reported a narrower-than-expected quarterly loss and said it was keeping inventories higher to sidestep supply-chain problems. GameStop GME, -2.68% said it lost $158 million, or $2.08 a share, in the…