Markets.News
GameStop Corporation (NYSE: GME) released its second-quarter financial report post-market, showcasing notable figures. The company recorded net sales of $972.2 million for the quarter, a significant increase from $798.3 million year-over-year, surpassing Wall Street's estimate of $823.2 million. Sales by segment were as follows: Hardware and Accessories: $592.1 million ($451.2 million), Software: $152.5 million ($207.7 million), and Collectibles: $227.6 million ($139.4 million). Software sales declined compared to the previous year, whereas Hardware and Collectibles showed growth. Net income for the quarter stood at $168.6 million, notably higher than $14.8 million in the same period last year. Earnings per share were reported at 25 cents. For further details, refer to the complete story on Benzinga.com.