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Earnings Momentum: GameStop Climbs, C3.ai Drops

  • September 07th, 2023
  • 418 views

GameStop Corp. (NYSE: GME) reported a second-quarter fiscal 2023 loss of $(0.03) per share, surpassing the consensus estimate loss of $(0.14). Quarterly sales for the company reached $1.164 billion, slightly exceeding analysts' projected revenue of $1.14 billion.

$GME is currently trading at $19.83 in pre-market, reflecting an increase of $1.08 (+5.76%).

In separate news, C3.ai, Inc. (NYSE: AI) posted a first-quarter fiscal 2024 loss of $(0.09) per share, beating the consensus estimate loss of $(0.17). The company reported quarterly revenues of $72.40 million, surpassing analysts' expected revenue of $71.59 million.

C3.ai expects second-quarter fiscal 2024 revenue to be in the range of $72.0 million to $76.5 million, compared to the consensus forecast of $73.81 million for the period.

In pre-market, $AI is currently trading at $28.30, down $3.16 (-10.04%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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