Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
GameStop Corp. (NYSE:GME) troubles continue after reporting a second-quarter earnings miss.
Second-quarter adjusted earnings came in at a loss of 32 cents per share, missing estimates by 11 cents. Sales came in at $1.29 billion, missing estimates by $50 million.
The company sees 2019 adjusted earnings of $1.15-$1.30, against a $1.48 consensus estimate.
"We are committed to acting with a sense of urgency to address the areas of the business that are critical to achieving long-term success and value creation for all our stakeholders," said CEO George Sherman. "We will set GameStop on the correct strategic path and fully leverage our unique position and brand in the video game industry. Our strategic plan is anchored on four tenets which include, optimizing the core business by driving efficiency and effectiveness, creating the social and cultural hub of gaming within each GameStop, building compelling digital capabilities, and transforming our vendor and partner relationships for an evolving video game industry.
"This is a compelling new strategic vision for the company, and we've already started to execute against all four pillars. We also remain committed to returning capital to shareholders and balancing that opportunity against the need to maintain a strong balance sheet to properly run our business and invest in responsible growth."
See Also: GameStop Is Losing Game Buyers To Cloud: Analysts Project 'Another Tough Year'
Highlights
- Total global sales decreased 14.3%
- New hardware sales decreased 41.1%
- New software sales decreased 5.3%
GameStop shares fell more than 13% in Tuesday's after-hour session. The stock closed at $5.09 per share. The stock is down 60% year to date.
Photo by Dwight Burdette/Wikimedia.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!