NYSE:GMESpecialty Retail
GameStop Earnings Beat Raises Questions On France Exit And Cash Deployment
GameStop signaled a potential exit from its French operations alongside its latest quarterly earnings release.
The company reported results that beat earnings expectations and confirmed a greater focus on trading cards and collectibles.
GameStop disclosed a cash and marketable securities position of about $9b, creating capacity for possible acquisitions.
CEO Ryan Cohen did not provide forward guidance, keeping plans for any future deals unspoken.
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