Investing.com - GameStop Corp reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
GameStop Corp announced earnings per share of $-0.35 on revenue of $1.14B. Analysts polled by Investing.com anticipated EPS of $-0.415 on revenue of $1.27B.
GameStop Corp shares are down 35.15% from the beginning of the year , still down 62.36% from its 52 week high of $63.92 set on Wednesday, November 3, 2021. They are under-performing the EUR/USD which is down 0% year to date.
GameStop Corp shares gained 1.37% in after-hours trade the report.
GameStop Corp follows other major Consumer Discretionary sector earnings this month
GameStop Corp's report follows an earnings beat by Home Depot on Tuesday, August 16, 2022, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on Wednesday, August 17, 2022 with second quarter EPS of $4.67 on revenue of $27.48B, compared to forecast for EPS of $4.58 on revenue of $28.12B.
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