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GameStop (GME) reported fourth quarter sales of $1.28 billion, down about 28% from the year prior. The stock rose in after-hours trading, however, after the company announced it will add bitcoin as a "treasury reserve asset.
GameStop (GME) updated its corporate investment policy to include Bitcoin, sending shares higher in extended trading Tuesday.
GameStop Corp (NYSE:GME) shares moved higher afterhours as the video game retailer posted a fourth quarter earnings beat. For the fourth quarter, which ended on February 1, GameStop saw its adjusted earnings per share increase to $0.30 from $0.22 in the year-ago quarter, far exceeding the $0.08 expected by analysts.
GRAPEVINE, Texas, March 25, 2025 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that its board has unanimously approved an update to its investment policy to add Bitcoin as a treasury reserve asset.
GRAPEVINE, Texas, March 25, 2025 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the fourth quarter and fiscal year ended February 1, 2025. The Company's consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-K and supplemental information can be found at https://investor.gamestop.com.
GameStop (GME), which Dave Mazza calls the "original" meme stock, reports earnings after the bell. He notes a lower implied volatility this quarter but cites issue with its core business as problematic ahead.
GameStop Corp GME will report its fourth-quarter earnings on Tuesday. As the company reports after market hours, Wall Street expects 8 cents in EPS and $1.48 billion in revenues.
Fresh inflation data, housing market data, and earnings from meme stock GameStop (GME) highlight this week's calendar for investors.
CNBC's Jim Cramer on Friday listed next week's top market-moving events, including earnings reports from GameStop, McCormick and Dollar Tree. He underscored that angst on Wall Street will continue as tariff policy remains uncertain.
US stocks have retreated in the past few months as concerns about Donald Trump's tariffs continued. The Nasdaq 100 index has moved into a correction after falling by almost 12% from its highest point this year.