GameStop Corp. (GME) has released its earnings report for the third quarter. The company achieved a net income of $17.4 million compared to a net loss of $3.1 million in the corresponding period of the previous year. Earnings per share (EPS) stood at $0.04, a notable improvement from the prior year's loss per share of $0.01. When excluding specific items, the company posted adjusted earnings of $26.2 million, equating to $0.06 per share.
Analysts had anticipated a loss of $0.03 per share. Revenue for the quarter totaled $860.3 million, down from $1,078.3 million in the same quarter last year.
