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GameStop reports narrower-than-expected loss in Q2 as costs fall
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Investing.com — GameStop reported Wednesday a narrower than expected loss as cost cutting measures kept a lid on losses.
GameStop Corp (NYSE:GME) rose nearly 1% in afterhours following the report.
The company reported an adjusted loss of $0.03 a share on revenue of $1.16B, topping Wall Street's estimates for an adjusted loss of $0.14 on revenue of 1.14B.
Selling, general and administrative expenses fell to $322.5M in the quarter from $387.5M a year earlier.
Inventory, meanwhile, fell to $83.5M for the quarter from $179.5M in the same period a year earlier.
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