GameStop shares fall despite posting narrower loss and rising sales

Of us roam by a GameStop store in Brooklyn on January 28, 2021 in New York Metropolis.

Spencer Platt | Getty Photos News | Getty Photos

Video game retailer GameStop talked about Wednesday its fiscal 2d-quarter losses narrowed as gross sales rose from a year within the past.

Shares of the company fell about 2% in prolonged shopping and selling.

For the quarter ended July 31, the company talked about it posted a loss of $61.6 million, or 85 cents per share, when put next with a loss of $111.3 million, or $1.71 per share, a year within the past. On an adjusted foundation, GameStop misplaced 76 cents per share.

Sales rose to $1.18 billion from $942 million a year earlier.

Essentially based on Refinitiv, analysts had been anticipated the company to post a loss of 67 cents a share on earnings of $1.12 billion.

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