GameStop Q1 Adjusted Earnings, Revenue Rise

MT Newswires Live

06/03

GameStop (GME) reported late Tuesday Q1 adjusted earnings of $0.30 per diluted share, up from $0.17 a year earlier.

One analyst expected $0.16 in a FactSet poll.

Revenue for the 13 weeks ended May 2 was $835.3 million, up from $732.4 million a year ago.

GameStop also said its board approved a $2 billion share repurchase authorization through June 2, 2029, replacing its prior buyback program.

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