Earnings Recap – December 8th
GameStop reported Q3 earnings on Wednesday. The American video game and electronics retailer reported earnings of -$1.39 per share, vs. analysts’ expectations of -$0.52 per share. Revenue grew 29% from last year to $1.3 billion vs. $1.19 billion as expected by analysts. Inventory was $1.14 billion, up from $861 million at the end of the previous fiscal third quarter.
UiPath reported Q3 earnings on Wednesday. The American software company reported earnings of -$0.23 per share vs. analysts’ expectations of -$0.04 per share. Revenue grew 50% from last year to $220.8 million vs analysts’ expectations of $208.3 million. In Q4, the company expects revenue of $281 million to $283 million.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.