Shares of GameStop Corp. (NYSE:GME) have moved up into the green after the video game and consumer electronic firm announced a new partnership with FTX. At the same time, the Lovesac Company (NASDAQ:LOVE) also trended higher after a strong second quarter earnings report.
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) is in the red as the company delivered a miss on earnings. Shares of Wayfair (NYSE:W) are also lower after it publicized its plans to raise cash through convertible senior notes offering.
GameStop Corp. (GME) jumped higher by 6.6% during Thursday’s premarket trading session as the organization announced that it has entered into a partnership with FTX. The partnership is intended to introduce more GameStop customers to FTX’s community and its marketplaces for digital assets.
The Lovesac Company (LOVE) popped 10.1% after it delivered Wall Street with a beat on its Q2 earnings. The stock surpassed second quarter GAAP EPS and revenue estimates. LOVE posted Q2 GAAP EPS of $0.45 which topped expectations by $0.04 and also beat on revenue by $17.99M as it posted revenue of $148.5M (+45.0% Y/Y).
Dave & Buster's Entertainment, Inc. (PLAY) has headed south by 3.5% after an earnings miss. PLAY came up short on its Q2 GAAP EPS by $0.45 as it delivered Q2 GAAP EPS of $0.59. PLAY did however top revenue by $35.44M.
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