GameStop Stock Focused on Preliminary Q2 Results Driven by eBay Gains
Investors digest GameStop’s preliminary second-quarter update for the period ending June 30, projecting net income of $290 million to $310 million versus $168.6 million a year earlier, plus operating income of $150 million to $170 million. The rise reflects about $238 million in gains after converting a derivative into 43.4 million eBay shares, partly offset by a $75 million impairment charge on digital assets. Traders weigh these results against market volatility ahead of the Sept. 8 earnings presentation.