real-time news and commentary for investors
Thursday, Aug 22
GameStop rallies on H2 optimism
- GameStop's (GME) Q2 report reflects a company in transition with mobile sales (+124%) and digital sales (+17%) strong, while software and hardware sales slumped.
- Execs with the company think the company's strong gains in market share and a new console cycle set up well for a strong H2.
- Q3 comparable store sales are forecast to rise 11% to 15%. (PR)
- GME +9.5% premarket.