GameStop's (GME) Q3 2024 results missed revenue estimates despite reporting quarterly profits.

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GameStop's (GME) Q3 2024 results missed revenue estimates despite reporting quarterly profits.

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GameStop releases earnings report for fiscal third quarter

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GameStop (GME) has released its earnings report for Q3 2024, detailing its financial performance over the past few months. In the report, we found that the gaming retailer missed revenue expectations. Yes, even if there is a quarterly profit.

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Game Stop Latest earnings report Sold today at market close, GameStop generated $860 million in revenue, missing its $888 million target. While the company was expected to post a loss of $0.06 per share, GameStop made $0.04 per share.

GameStop (GME) shares rose sharply in after-hours trading. After ending the day at $26.95, GameStop shares hit a high of $30.60.

The earnings release also revealed that GameStop reported 71 million directly registered shares as of December 4, 2024.

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Donovan is a journalist from Maryland. His earliest gaming memories are playing Pajama Sam on his mother’s desktop over the weekend. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 are some of the most influential titles in his wake. His love of video games After interning with Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in Broadcast Journalism and joined the team full-time. He is a huge movie fanatic and will talk to you about movies and games all day long. You can follow him on Twitter. @Donimals_

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