No One Knows What Game Is GameStop Playing

IAM Newswire2021-12-17

Last week, GameStop (NYSE: GME) surprisingly topped revenue estimates for its third quarter. However, the video game retailer widely missed analysts’ earnings guidance. Once again, it limited its ...

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精彩评论

Jj1985
2021-12-17
Jj1985
Stupid game
老木不朽
2021-12-17
老木不朽
K
whoartthou
2021-12-17
whoartthou
H
- 老木不朽:
  K
whoartthou
2021-12-17
whoartthou
V
xiaojn
2021-12-17
xiaojn
Yes
- whoartthou:
  v

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However, the video game retailer widely missed analysts’ earnings guidance. Once again, it limited its ...</p>\n\n<a href=\"https://iamnewswire.com/no-one-knows-what-game-is-gamestop-playing/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://iamnewswire.com/no-one-knows-what-game-is-gamestop-playing/","article_id":"1158215178","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158215178","pubTimestamp":1639721545,"columns":[],"sourceInfo":{"source_id":"lsy1622643980725","name":"IAM Newswire"},"weMediaInfo":null,"summary":"Last week, GameStop (NYSE: GME) surprisingly topped revenue estimates for its third quarter. 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Overall net loss grew to $105.4 million.\nExpenses jumped to $421.5 million which is expected as the company is investing heavily in being able to confront an online and digital future of gaming. Moreover, inventory rose to $1.14 billion as the company is stocked for the holidays as opposed to $861 million at the end of last year’s comparable quarter. However, it should be noted that Black Friday that tends to bring the peak demand isn’t included in these results.\nInfrastructure investments\nGameStop recently opened a new customer care facility in Florida for which it hired 500 employees. The facility has been presented as a key element of its future growth plans but it’s only one of several infrastructure investments the company has made recently, including two large fulfillment centers in Nevada and Pennsylvania or more precisely, additional 1 million square feet of warehouse space that is being stocked with merchandise. 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So, while Cohen and CEO Matt Furlong aren’t saying it out loud as Furlong only teased GameStop has “been exploring emerging opportunities in blockchain, NFTs, and Web 3.0 gaming”, the company’s actions speak for themselves.   It would have also been nice to hear more about its partnerships with Samsung, LG Display Co Ltd (NYSE: LPL), Razer Inc (OTC: RAZFF), Vizio Holding Group (NYSE: VZIO), Logitech (NASDAQ, LOGI) and Asus management previously teased.\nThe verdict\nGameStop is a company undergoing transformation from a brick-and-mortar chain into an e-commerce retailer. But this turnaround is taking place in an environment shaped by escalating costs that are causing the company to burn through twice as much cash compared to a year ago. Unfortunately, management is practically not any particular insight into what it is doing to engineer this business turnaround. 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