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© Reuters By Davit Kirakosyan
GameStop (NYSE:) reported its , with EPS of ($2.08) coming in worse than the consensus of ($1.45), whereas income of $1.38 billion beat the consensus of $1.32 billion and was up from $1.277 billion final yr.
Gross sales development was attributable to new and expanded model relationships.
Stock rose to $917.6 million on the shut of Q1 (vs. $570.9 million on the shut of Q1/21) reflecting an ongoing give attention to bettering in-stock ranges in merchandise to fulfill elevated buyer demand and offset provide chain headwinds.
The corporate ended the quarter with $1.035 billion in money and money equivalents and no debt apart from a low-interest, unsecured time period mortgage related to the French authorities’s response to COVID-19.
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