Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Breaking News

S&P 500 Inches Higher Ahead of Powell

GameStop Appoints New CEO as Q2 Results Beat

Stock MarketsJun 09, 2021 04:49PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters

By Yasin Ebrahim

Investing.com - GameStop said Wednesday that it has appointed former Amazon executives Matt Furlong and Mike Recupero as chief executive officer and chief financial officer, respectively, with the video game retailer looking to accelerate its digital transformation.

The company also reported that it received a request from the U.S. Securities and Exchange Commission on May 26 to provide information related to a probe into trading activity. 

GameStop Corp (NYSE:GME) was down 10% in after-hours trade.

The two new executives come as the company reported second-quarter results that topped Wall Street expectations. 

GameStop (NYSE:GME) reported a Q2 loss of 45 cents on revenue of $1.28B, above estimates for a loss of 68 cents on revenue of $1.13B.

Since the start of the year, the stock is up 1,356% year to date, driven by a Reddit-led wave of demand.   

Looking ahead,GameStop said it is continuing to suspend guidance at this time, though said May sales increased approximately 27% compared to last year.

 

 
GameStop Appoints New CEO as Q2 Results Beat
 

Related Articles

S&P 500  Inches Higher Ahead of Powell
S&P 500 Inches Higher Ahead of Powell By Investing.com - Jun 22, 2021

By Yasin Ebrahim Investing.com – The S&P 500 inched higher Tuesday as investors awaited Federal Reserve Chairman Jerome Powell's testimony before U.S. lawmakers that could provide...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (8)
Marco Nog
Marco Nog Jun 10, 2021 8:14AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If a APE  like you guys call it , can PROFIT 10% in one day and all your knowledge can hardly make 10% a year... yes we APES are ending up with a banana , LOL
Joe Biden
Joe Biden Jun 09, 2021 9:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Note sure if you have noticed, but people buying GME doe not care about profits or revenue, they are buying it as a middle finger to Wallstreet to expose that the market is a complete joke. GME is making its revenue mostly from people buying the stock. Also, my name is Joe Biden and I am here to vote, anybody who asks me for ID to prove my identity is a racist *****
Edward Chong
Edward Chong Jun 09, 2021 9:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
haha nice name !
Ji Go
Ji Go Jun 09, 2021 8:13PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Apes together strong?
David David
David9 Jun 09, 2021 8:13PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
When it is all said and done, most of these apes will hold an empty banana..
Calvin Sky
Calvin Sky Jun 09, 2021 8:13PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
gme diluting more shares and that will ****the squeeze im thinking it going back below 200
Mein Ki
Mein Ki Jun 09, 2021 6:22PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
what was that wonderful thing that shorted GME massively? And finally what?
David David
David9 Jun 09, 2021 5:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This will not end well for the ones that hold GME...
Miriam Morkhul
Miriam Morkhul Jun 09, 2021 5:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
According to what they say they are owning it as a protest against naked short selling. They don't own it to sell it.
John Snowden
John Snowden Jun 09, 2021 5:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Gamestop employee: I'll give you 50 cents for your GME shares
Jeff Gordon
Jeff Gordon Jun 09, 2021 5:28PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lol. Hilarious. A worthless company pumped and valued more than most massive and profitable corporations. In time many will lose.
Tom Tankins
Tom Tankins Jun 09, 2021 5:28PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
ah... so your the dude that sold call options @40$
Tamiru Ambissa
Tamiru Ambissa Jun 09, 2021 5:11PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
thank you
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email