GRAPEVINE, Texas (AP) — GRAPEVINE, Texas (AP) — GameStop Corp. (GME) on Wednesday reported a loss of $2.8 million in its fiscal second quarter.
The Grapevine, Texas-based company said it had a loss of 1 cent per share. Losses, adjusted for non-recurring gains, were 3 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The video game retailer posted revenue of $1.16 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.14 billion.