GameStop Set to Report 3Q Earnings
After market close today, GameStop is scheduled to report its third quarter earnings. The video game retailer, which has been struggling to post profits, has not provided any guidance and has not scheduled a conference call with analysts.
GameStop has been facing challenges as many of its console- and computer-gaming customers have shifted to downloading games over the internet, rather than buying the hard copies that the company specializes in selling.
Despite these struggles, several high-profile games were released during the quarter, including Microsoft’s “Starfield” and Sony’s “Marvel’s Spider-Man 2.” However, it is worth noting that Activision’s latest “Call of Duty” game was launched in November, after GameStop’s third quarter ended, whereas in past years, the game has been released in October.
Investors and analysts will be watching closely to see how GameStop has fared in the face of these challenges and the impact of the new game releases on its earnings.