3/21, 9:23 PM (Source: TeleTrader)
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GameStop's shares soar by nearly 40% after-hours

GameStop Corp.'s shares surged by almost 40% in after-hours trading following the release of the company's financial results for the fourth quarter and the full fiscal year 2022.

The report showed GameStop registered a net income of $48.2 million in the fourth quarter in contrast with a net loss of $147.5 million observed in the same period in 2021. Additionally, the enterprise saw improvements in its net losses and diluted losses per share for the entire 2022.

GameStop's shares skyrocketed by 38.79% at 4:22 pm ET to sell for $24.49 per share.

Baha Breaking News (BBN) / JR