GameStop Expects Higher Q2 Profit on eBay Investment
GameStop expects Q2 net income of $290M–$310M and operating income of $150M–$170M, citing about $238M in net gains tied to its eBay derivative and equity investment. Sales are forecast down to $780M–$800M, with lower results reflecting prior-year Switch 2 timing, planned store closures and a France divestiture. In May, it made an unsolicited non-binding bid to buy eBay, which eBay rejected.