GameStop (NYSE: GME) swung to a loss in the first quarter of 2020, hurt by COVID-19 pandemic. The company’s adjusted loss was wider than market’s expectations and revenue fell shy of the estimates. GME stock fell about 2% immediately after the earnings announcement.
GameStop suspended the fiscal 2020 outlook. At the end of May 2020, the company had approximately 85% of its U.S. locations open to limited customer access or curbside delivery and approximately 90% of its international locations open.
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,