GameStop to release next earnings report on Dec. 8, and here's what analysts expect

8 months ago 80
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GameStop Corp. GME, -13.59% said Wednesday that it volition study fiscal third-quarter net results connected Dec. 8, aft the closing bell. The videogame and user electronics retailer volition big a post-earnings league telephone for investors and analysts astatine 5 p.m. Eastern connected the aforesaid day. The FactSet statement for per-share losses for the 4th done October is 52 cents, aft a nonaccomplishment of 53 cents a twelvemonth ago, portion gross is projected to emergence 18.3% to $1.19 billion. The institution reported a wider-than-expected per-share nonaccomplishment successful the 2nd quarter, and has missed bottommost enactment expectations 5 times successful the past 8 quarters. GameStop bushed gross expectations the past 2 quarters, but missed forecasts for nine-straight quarters earlier that, according to FactSet. The banal roseate 0.2% connected the time aft second-quarter results were reported, but tumbled an mean 23.9% connected the time aft results were reported the erstwhile 4 quarters. The stock, which roseate 1.3% successful premarket trading, has edged up 1.7% implicit the past 3 months done Tuesday but has rocketed 1,035.4% twelvemonth to date, portion the S&P 500 SPX, +0.17% has gained 4.6% the past 3 months and precocious 24.9% this year.

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