GameStop (GME) reported fiscal Q4 adjusted earnings Tuesday of $0.30 per diluted share, up from $0.22 a year earlier.
Two analysts polled by FactSet expected $0.08.
Net sales for the 13 weeks ended Feb. 1 fell to $1.28 billion from $1.79 billion a year earlier.
Two analysts surveyed by FactSet expected $1.48 billion.
The company also announced that its board unanimously approved an update to its investment policy, allowing bitcoin to be added as a treasury reserve asset.
GameStop shares rose 5.6% in recent after-hours trading.
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