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GameStop misses quarterly revenue estimates

2023-06-08 04:17
GameStop posted its fourth consecutive fall in quarterly revenue on Wednesday and missed market estimates, as consumers dialed
GameStop misses quarterly revenue estimates

GameStop posted its fourth consecutive fall in quarterly revenue on Wednesday and missed market estimates, as consumers dialed back non-essential spending in an uncertain economy.

The company reported revenue of $1.24 billion for the quarter ended April 29, compared with analysts' average estimate of $1.36 billion, according to Refinitiv.

(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Krishna Chandra Eluri)