GameStop reported its first quarter earnings that fell short of analysts’ expectations.
The gaming company incurred a loss of ($2.08) per share for the quarter, missing the consensus estimate of ($1.45), MarketWatch Earnings reports. In the year-ago quarter, it had a loss of ($0.45) per share.
Revenue came in at $1.38 billion for the quarter, compared to the consensus estimate of $1.32 billion.
Gamestop has not provided any financial guidance since the start of the pandemic. During the latest earnings call, CEO Matt Furlong still did not provide outlook. He mentioned the company continues to focus on embracing change and “long-term stockholder value” through investing in commerce and seeking growth opportunities in NFTs and other emerging technologies.