After a wild few weeks in the spotlight, GameStop's financial results for the three months ended January 30 fell somewhat short of Wall Street expectations.
GameStop on Tuesday reported net sales of $2.1 billion during the quarter, down 3% from the same period in the prior year and slightly below the $2.2 billion Wall Street analysts had expected, according to Refinitiv. Net income from the quarter hit $80.5 million, or $1.19 per diluted share — well below analysts' projections but a significant improvement from the $21 million in net income it earned during its fiscal fourth quarter last year.
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