GameStop Corp (NYSE:GME) reported fourth-quarter financial results after the market close on Tuesday. Here’s a rundown of the report.
Q4 Earnings: GameStop reported fourth-quarter revenue of $1.283 billion, missing the consensus estimate of $1.48 billion. The video game retailer reported fourth-quarter adjusted earnings of 30 cents per share, beating analyst estimates of eight cents per share, according to Benzinga Pro.
Total revenue was down about 28% on a year-over-year basis. Hardware and accessories revenue totaled $725.8 million in the quarter, Software revenue came in at $286.2 million and Collectibles revenue reached $270.6 million in the quarter.
GameStop reported fourth-quarter net income of $131.3 million, up from $63.1 million in …
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