Submitted by MT_Media t3_11xxru4 in wallstreetbets
Gamestop (GME) Earnings Summary:
- EPS of $0.16 beats ($0.13) estimate
- Rev of $2.23B beats $2.18B estimate
- Posted a quarterly profit for the first time in two years
- Selling, general and administrative expenses came in at 20.4% of sales, compared to 23.9% of sales
- Inventory was $682.9M at Close of 4Q, compared to $915M at Close of Prior Year’s 4Q
- Net Income was $48.2M, compared to a net loss of $147.5M for the prior year’s 4Q
- Cash, cash equivalents and marketable securities were $1.391B at Close of 4Q