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GameStop shares surge as cost cuts drive surprise profit

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lookingforatenbagger
Eternal

Posts: 3,530

OPKO Investment: Long
Sentiment: Neutral
Recommendation: Buy

GameStop shares surge as cost cuts drive surprise profit Mar 22, 2023 13:00:02 GMT

Quote

Post by lookingforatenbagger on Mar 22, 2023 13:00:02 GMT

"March 21 (Reuters) - GameStop Corp (GME.N) on Tuesday posted a surprise profit for the fourth quarter, its first since early 2021, as lower costs and job cuts padded the videogame retailer's bottom line, sending its shares nearly 50% higher in extended trading."

Amazing!

www.reuters.com/technology/gamestop-beats-quarterly-revenue-estimates-turns-profit-2023-03-21/

Brandolini's Law: The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it.

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GameStop shares surge as cost cuts drive surprise profit

Post by lookingforatenbagger on Mar 22, 2023 13:00:02 GMT

Chart