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GameStop quietly disclosed a $4.9 billion eBay stake while 59 million warrants sit underwater with weeks until expiration, and whether Ryan Cohen can pull off the biggest retail comeback deal in history may hinge on a single stock price crossing one critical threshold.
Stocks fell this week on oil prices and Fed rate-hike expectations, though Oracle's earnings underscored AI infrastructure strength. MarketBeat analysts recap top stories on earnings, defense, AI, and other stock opportunities.
GameStop stock jumped Friday morning after CEO Ryan Cohen's buy was disclosed in SEC filings. GME has had a topsy-turvy year.
GameStop keeps closing locations, and Target keeps picking up toy and collectibles sales.
GameStop's latest earnings flipped the script on what kind of company this actually is, and the stock price has not caught up yet. Here is why one overlooked revenue line is rewriting the entire valuation.
Lawrence Cheng bought 55,000 shares the same day GameStop reported results.
GameStop Corp. (NYSE:GME) reported second-quarter adjusted earnings per share of $0.
The insider's purchase increased their total position by a massive 62% amid the stock's 19% one-year decline.
The video game retailer posted net income of $298.7 million in its fiscal second quarter, up from $168.6 million a year earlier
GameStop on Tuesday posted a second-quarter profit of $298.7 million, compared with $168.6 million a year earlier. The videogame retailer’s net income came within the forecast range it had given last month.
GameStop reported higher profit in its latest quarter, boosted by an increase in collectibles sales, and raised its full-year outlook. The videogame retailer on Tuesday posted a second-quarter profit of $298.7 million, or 51 cents a share, compared with $168.6 million, or 31 cents a share, a year earlier. Adjusted earnings per share were 27 cents.
The last big economic reports before the Federal Reserve’s next interest-rate decision take place later this week, with producer inflation on Thursday and the consumer price index on Friday. Traders recently were betting on a 60% chance of a rate hike at the Fed meeting Sept.
Sales are still shrinking, but GameStop expects quarterly profit to rise sharply when it reports Sept. 8.
Strong profits are masking a more complicated operating picture
The videogame retailer said it expects second-quarter profit to climb, boosted by investment gains from its stake in eBay, but said sales likely fell from a year earlier.
The videogame retailer said it anticipates net income of $290 million to $310 million for its 13 weeks ended Aug. 1, up from net income of $168.6 million in last year’s second quarter.
Shares were mixed in Europe and Asia and U.S. futures declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged more than 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. U.S. benchmark crude oil was trading 3.8% higher at $86.58 per barrel.
GameStop, led by Chief Executive Officer Ryan Cohen, is considering withdrawing its $56 billion bid for eBay Inc., according to people familiar with the matter. Bloomberg's Bailey Lipshultz joins to discuss this as well as how Switch filed confidentially for a US IPO, joining its data center peers in tapping demand for exposure to the artificial intelligence theme.
Shares of eBay were down around 3% in morning trading after a report that GameStop is weighing withdrawing its bid for the online auction company. GameStop CEO Ryan Cohen is considering proposing a partnership or joint venture that would let eBay use GameStop's retail locations, Bloomberg reported.
GameStop CEO Ryan Cohen is considering withdrawing the company's $56 billion bid for eBay in favor of a commercial partnership, Bloomberg News reported on Monday, citing people familiar with the matter. Cohen is considering a proposal that would allow eBay to leverage GameStop's roughly 1,600 U.S. retail locations, potentially helping both companies expand market share in higher-margin categories such as trading cards and collectibles, the report said. As part of any partnership, GameStop would seek seats on eBay's board, Bloomberg reported.
(Bloomberg) -- GameStop Corp., led by Chief Executive Officer Ryan Cohen, is considering withdrawing its $56 billion bid for eBay Inc., according to people familiar with the matter.Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AIIran Shakes Up Security Team After Saying Oman Deal ‘Very Close’Stocks Waver Near Record Highs, Crude Oil Advances: Markets WrapTrump Amps Up Pressure on Billionaire Sargeant to Exit VenezuelaIran Says Hormuz Deal Close But Its C
Hertz stock is soaring on huge trading volumes since it reported strong earnings on Thursday. More than 28% of the public float faces a short interest.
eBay Inc. (NASDAQ:EBAY) reported stronger-than-expected second-quarter earnings and revenue, although the stock posted only modest gains in premarket trading on Thursday after the online marketplace issued mixed guidance for the current quarter.
eBay (NASDAQ:EBAY) reported second-quarter results that exceeded its guidance ranges and consensus expectations, driven by growth in focused categories, consumer-to-consumer sales, recommerce and newer initiatives including eBay Live, vehicles and shipping. Gross merchandise volume, or GMV, increas
Investing.com -- eBay Inc (NASDAQ:EBAY) reported second quarter results that exceeded analyst expectations for both earnings and revenue, though shares rose just 1% in after-hours trading Wednesday as the company issued mixed guidance for the current quarter.
EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its push into authenticated luxury goods, collectibles and refurbished products to bring more high-value buyers to its online marketplace. The company has sharpened its focus on enthusiast buyers through "focus categories" where buyers value selection and specialist services. These include trading cards and other collectibles, auto parts and accessories and refurbished electronics.
Ryan Cohen has spent the summer pursuing eBay Inc. (NASDAQ:EBAY). Prediction market traders doubt management will even say his company’s name tonight. eBay reports second-quarter earnings after the bell today, with the call at 5:30 p.m. ET. Polymarket gives the...
GameStop stock sank on Monday as the company announced plans for a private exchange of $1.4 billion of its debt for common stock.
Investing.com - U.S. stock index futures advanced on Monday after President Donald Trump said negotiations with Iran were set to begin this week, easing geopolitical concerns that had rattled markets in recent weeks, while technology stocks attempted to extend their recovery following July’s sharp pullback.
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