An update from GameStop ( (GME) ) is now available.
GameStop Corp. reported an increase in net income to $14.8 million in the second quarter of 2024, recovering from a net loss of $2.8 million in the same quarter the previous year, despite a decrease in net sales from $1.164 billion to $0.798 billion. Cash reserves and marketable securities stood strong at $4.204 billion. The company did not host a conference call but directed stockholders to review the detailed financial statements and supplemental information available on their investor relations website.
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