GameStop Trims Losses After Store Closures, Layoffs, And More

Eddie Makuch
12/7/2023

Video game retailer GameStop has released its latest earnings report, and the company is close to making money again. For the quarter that ended on October 28, GameStop said it posted a loss of $3.1 million, which was far better than the net loss of $94.7 million that the company achieved during the same period last year.This was a slightly larger loss than the $2.9 million loss that GameStop recorded for the previous quarter.For the newest quarter, GameStop's net sales came in at $1.078 billion, down from $1.186 billion during the same quarter last year. GameStop said it had cash and equivalents of $1.210 billion on hand, up from $1.195 billion last quarter.Continue Reading at GameSpot...

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