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GameStop misses quarterly revenue estimates

GameStop misses quarterly revenue estimates

FILE PHOTO: Signage is seen at a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly

08 Jun 2023 04:24AM

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.

Source: Reuters

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