Here's how the company did for the fiscal first quarter ended May 1, compared with Refinitiv consensus estimates:Revenue: $1.28 billion vs. $1.16 billion expected
In the quarter, GameStop reported that its net loss narrowed to $66.8 million, or $1.01 per share, from a loss of $165.7 million, or a loss of $2.57 per share a year earlier. Excluding items, the company had a loss of 45 cents per share. Analysts were expecting GameStop to report a loss of 84 cents per share, according to Refinitiv.
Total revenue grew to $1.28 billion from $1.02 billion a year earlier, topping Wall Street's expectations of $1.16 billion. The company declined to provide guidance for the year, but said momentum continued in the second quarter. It said total sales in May increased about 27% compared with the same month a year ago.
The video game retailer's stock has gyrated wildly over the past several months as retail traders have shared tips on Reddit and tried to fuel short squeezes for companies including
Oh lord
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