GameStop (GME) Q2 EPS Missed Expectations, While Revenue Grew 26% and Beat The Street

GameStop Corp. (NYSE: GME) delivered mixed Q2 results, with net sales coming in at $1.183 billion (25.58% year-over-year growth), which was better than the consensus estimate of $1.12 billion. Quarterly EPS was ($0.76), missing the Street estimate of ($0.66).

During the quarter the company invested in long-term growth initiatives, including expansion of its product catalog, and enhancement of its fulfillment network capabilities and technology.

GameStop ended the period with cash and restricted cash of $1.78 billion.

Shares fell 2.4% after-hours following the results.

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