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GameStop posts first profit in two years
GameStop Corp. reported a surprise profit in the fourth quarter and beat analysts' estimates for revenue, sending the shares soaring as much as 39% in extended trading.
Net income was $48.2 million, the first profit in two years, and compared with a loss of $147.5 million a year earlier, the Grapevine, Texas-based video game retailer said in a statement Tuesday.
[Bloomberg]
GameStop Corp. reported a surprise profit in the fourth quarter and beat analysts' estimates for revenue, sending the shares soaring as much as 39% in extended trading.
Net income was $48.2 million, the first profit in two years, and compared with a loss of $147.5 million a year earlier, the Grapevine, Texas-based video game retailer said in a statement Tuesday.
[Bloomberg]
