Videogame retailer GameStop (GME) reported strong Fiscal 2021 first-quarter results on June 9. Revenue rose 25.1% year-over-year to $1.3 billion and beat consensus estimates of $1.2 billion. Management noted that sales increased even though the company operated fewer stores in the quarter. GameStop stores continued to be closed across Europe because of the COVID-19 pandemic.  The adjusted loss of $0.45 per share improved from a loss of $2.44 per share a year ago and beat consensus expectations for a loss of $0.83 per share.  GameStop did not provide guidance for the second quarter but said it continues to see momentum in sales trends.
https://www.tipranks.com/news/gamestop-reports-25-rise-in-q1-revenue
GameStop (NYSE:GME)
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