Online game firm GameStop Corp. (NYSE: GME) has posted a double-digit lower in gross sales for the third quarter of 2024. The enterprise swung to a revenue from a loss within the prior-year quarter.
GameStop reported a internet earnings of $17.4 million or $0.04 per share for the October quarter, in comparison with a lack of $3.1 million or $0.01 per share in the identical interval final yr. On an adjusted foundation, earnings per share was $0.06 in Q3.
Internet gross sales declined to $860.3 million within the third quarter from $1.08 billion within the year-ago interval. Money, money equivalents, and marketable securities have been $4.62 billion on the shut of the quarter.