GameStop Q3 Sales Miss Estimates, Revenues Drop Across Segments

Benzinga

GameStop's third-quarter net sales fell short of expectations and declined compared to the same period last year. Segment revenues for hardware, software, and collectibles decreased compared to the previous year. GameStop completed an at-the-market equity offering program in the third quarter, generating approximately $400 million in gross proceeds. The company stated it did not plan any additional at-the-market stock offerings during the current fiscal year and skipped a conference call for the quarter. Shares rose over 1%.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street. GameStop's third quarter net sales fell short of

00:04expectations as a client compared to the same period last year. Segment revenues for hardware,

00:10software, and collectibles all decreased compared to the previous year. GameStop completed an

00:15at-the-market equity offering program in the third quarter, generating approximately $400

00:20million in gross proceeds. The company stated it does not plan any additional at-the-market

00:24stock offerings during the current fiscal year and skipped a conference call for the quarter.

00:29Shares rose over 1%. For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended