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Gamestop profit beats consensus by 24.0% in fiscal Q2

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Gamestop profit beats consensus by 24.0% in fiscal Q2

4263230 said its normalized net income for the fiscal second quarter ended Aug. 1 came to 30 cents per share, compared with the S&P Capital IQ consensus estimate of 24 cents per share.

EPS rose 54.8% year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $32.3 million, an increase of 45.2% from $22.3 million in the prior-year period.

The normalized profit margin increased to 1.6% from 1.3% in the year-earlier period.

otal revenue grew on an annual basis to $1.76 billion from $1.73 billion, and total operating expenses totaled $1.70 billion, co GameStop Corp.