GameStop Drops as Q1 Sales Miss Offsets Earnings Beat
Earnings Surprise Overshadowed by Steep Revenue Decline GameStop reported adjusted earnings of $0.17 per share for the quarter ended April 30, significantly outperforming Wall Street’s estimate of $0.04. This marks the company’s fourth consecutive quarterly profit. However, revenue fell 17% year-over-year to $732.4 million, missing analyst expectations of $754.2 million. Net income came in at