12/6/2023, 10:07 PM (Source: TeleTrader)
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Chart for: GameStop Corp

GameStop's Q3 sales down by 5% to hit $1.1 billion

GameStop Corp. revealed on Wednesday that its revenue in the third quarter of the fiscal year 2023 saw an annual drop of about 5.1% to reach $1.1 billion.

The company reported a net loss of $3.1 million, an improvement compared to the one $94.7 registered in the same trimester in 2022. Meanwhile, its diluted losses per share went from $0.31 per share seen in the same period of the previous year to those of $0.01 noted in the quarter ending October 28, 2023.

Following the release of the report, GameStop's shares lost 1.55% in the after-hours trading.

Baha Breaking News (BBN) / AC