GameStop stock soars more than 30% on surprise quarterly profit, higher sales

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GameStop stock soars more than 30% on surprise quarterly profit, higher sales
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GameStop Corp. stock jumped 33% in the extended session Tuesday after the specialty retailer reported a surprise quarterly profit and sales were above Wall...

GameStop Corp. stock jumped 33% in the extended session Tuesday after the specialty retailer reported a surprise quarterly profit and sales that were above Wall Street expectations.

Sales... GameStop Corp. stock jumped 33% in the extended session Tuesday after the specialty retailer reported a surprise quarterly profit and sales that were above Wall Street expectations. Sales dropped slightly to $2.23 billion, from $2.25 billion a year ago, in the prior year’s fourth quarter. GameStop said it trimmed its inventory to $682.9 million at the close of the quarter, compared with $915 million at the close of the fourth quarter of 2022.GameStop said it completed most of its upgrades related to infrastructure, systems, shipping capabilities, and online and mobile platforms.

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