The shares of GameStop Corp. they fell 2% in extended trading on Wednesday after the company reported second-quarter tax results that exceeded revenue estimates but fell in earnings.
The video game retailer GME,
reported a net loss of $ 61.6 million, or 85 cents per share, compared to a net loss of $ 111.3 million, or $ 1.71 per share, in the prior year quarter. The company’s adjusted net loss was 76 cents per share.
Revenue rose to $ 1.181 billion from $ 942 million a year ago.
Analysts polled by FactSet had expected a net loss of 67 cents per share on revenue of $ 1.12 billion.
Shares fell more than 2% in out-of-hours trading immediately after the report was released.
The company also announced that it had contracted a lease for a new 530,000-square-foot compliance center in Reno, Nevada, as well as a lease for a new customer service center in Pembroke Pines, Florida. .
Wednesday’s results reflect more favorable debt and growth from a year ago, when the company reported a loss of $ 1.40 per share.
GameStop shares have risen an astonishing 955% so far in 2021. The broader SP&S 500 index,
has gained 20% this year.