Video game company GameStop Corp. (NYSE: GME) on Wednesday reported a narrower net loss for the first quarter of 2023 despite a decline in sales.
The company posted a net loss of $50.5 million or $0.17 per share for the April quarter, on a reported basis, compared to a loss of $157.9 million or $0.52 per share in the same period of last year. The adjusted loss was $0.14 per share, compared to a loss of $0.52 per share in the prior-year quarter.
At $1.24 billion, first-quarter net sales were down 10% from the year-ago period. Transition costs related to European restructuring efforts were $14.5 million for the period.
Prior Performance
- SEO Powered Content & PR Distribution. Get Amplified Today.
- EVM Finance. Unified Interface for Decentralized Finance. Access Here.
- Quantum Media Group. IR/PR Amplified. Access Here.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Source: https://news.alphastreet.com/infographic-highlights-of-gamestops-q1-2023-earnings-report/#utm_source=rss&utm_medium=rss&utm_campaign=infographic-highlights-of-gamestops-q1-2023-earnings-report
