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GameStop Loses $100 Million In Past 3 Months
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GameStop has released its latest earnings report, and it was a mixed bag. Total revenue was $1.297 billion, which is up from $1.005 billion during the same period last year. However, GameStop posted an overall net loss of $105.4 million, which compares to a loss of $18.8 million last year.
On an earnings call, management said, «As indicated in the past, long-term revenue growth is the primary metric by which we believe stockholders should access our execution.»
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