GameStop Earnings: What to Watch
Investors could hardly be more pessimistic about GameStop's (NYSE: GME) business these days. The company's attempt to diversify away from its physical video game retailing model was a failure, and management's efforts to sell the company to a private buyer fell flat as well. Thus, while key metrics like cash flow and profitability are holding up, the stock has had a brutal year, falling over 65% in 2019.
That situation sets low expectations heading into the chain's fiscal second-quarter report on Tuesday, Sept. 10. Yet the probabilities still appear tilted toward GameStop underperforming targets rather than shocking Wall Street with good news.
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Source Fool.com
