GameStop – The Meme Stock Veteran Reports Record Profit and Launches Billion-Dollar Buyback!
Reading Time: 3 minutes
GME reports record quarter: Net income of $389.6 million, revenue up 14% to $835.3 million. New buyback of over $2 billion approved, collectibles drive the business. CEO Ryan Cohen holds on to the $100 billion dream – share price up 8%. Record Quarter Instead of Farewell GameStop surprises an investor community that had written off the U.S. video game retailer just a few years ago, with what it claims is the strongest quarter in the company's history. The company reports a net income of $389.6 million – the highest quarterly profit the...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
