{"id":135714,"date":"2024-12-11T06:26:50","date_gmt":"2024-12-10T23:26:50","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=135714"},"modified":"2024-12-11T06:26:50","modified_gmt":"2024-12-10T23:26:50","slug":"gamestop-swings-to-a-profit-despite-revenue-dip","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=135714","title":{"rendered":"GameStop Swings to a Profit Despite Revenue Dip"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"mntl-sc-page_1-0\" data-sc-sticky-offset=\"80\" data-sc-ad-label-height=\"0\" data-sc-ad-track-spacing=\"90\" data-sc-min-track-height=\"250\" data-sc-max-track-height=\"600\" data-sc-breakpoint=\"50em\" data-sc-load-immediate=\"1\" data-sc-content-positions=\"[300, 1, 1, 1250, 1, 1, 1, 1]\" data-bind-scroll-on-start=\"true\">\n<p id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> GameStop (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=GME\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">GME<\/a>) swung to a profit in the third quarter, even as revenue fell year-over-year. Shares surged in extended trading Tuesday on the news.\n<\/p>\n<p id=\"mntl-sc-block_3-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The video game retailer posted a profit of $17.4 million or 4 cents per share on revenue of $860.3 million, compared with a loss of $3.1 million or 1 cent per share on revenue of $1.08 billion a year ago.<span class=\"ql-inline-citation\" data-cite=\"2\"\/>\n<\/p>\n<p id=\"mntl-sc-block_5-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> GameStop <a href=\"https:\/\/www.investopedia.com\/gamestop-earnings-tuesday-numbers-arent-always-whole-story-8757520\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">isn&#8217;t widely covered<\/a> by Wall Street, with Wedbush&#8217;s Michael Pachter the lone analyst tracked by Visible Alpha. In a note Friday he reiterated an &#8220;underperform&#8221; rating and $10 price target for the stock, writing that &#8220;the company&#8217;s planned return to growth faces insurmountable barriers.&#8221;\u00a0\n<\/p>\n<p id=\"mntl-sc-block_7-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> GameStop was in the <a href=\"https:\/\/www.investopedia.com\/meme-stock-5206762\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">meme stock<\/a> spotlight again last week, when a cryptic post on X from social media influencer Keith Gill\u2014better known as <a href=\"https:\/\/www.investopedia.com\/keith-gill-roaring-kitty-8303143\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">&#8220;Roaring Kitty&#8221;<\/a>\u2014sent the <a href=\"https:\/\/www.investopedia.com\/gamestop-stock-soars-after-roaring-kitty-tweet-amc-chewy-8756998\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">stock as much as 14% higher<\/a> Thursday afternoon in a short-lived spike.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_9-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> GameStop shares, which popped over 10% in extended trading, were up about 54% for 2024 through Tuesday&#8217;s close. <a href=\"https:\/\/www.investopedia.com\/watch-these-gamestop-price-levels-after-roaring-kitty-post-ahead-of-earnings-report-8758030\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">Most of the gains<\/a> this year came in May and June after Gill posted about the retailer on multiple occasions for the first time since a <a href=\"https:\/\/www.investopedia.com\/investing-in-meme-stocks-8663954\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">meme trading frenzy<\/a> gripped the stock in late 2020 and early 2021.\n<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/gamestop-q3-fy-2024-earnings-8758127\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GameStop (GME) swung to a profit in the third quarter, even as revenue fell year-over-year. Shares surged in extended trading Tuesday on the news. The video game retailer posted a &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=135714\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-135714","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/135714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=135714"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/135714\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}