Video game retailer GameStop Corporation ( GME ) reported second-quarter financial results Tuesday after market close.
Here are the key highlights.
What Happened: GameStop ( GME ) reported second-quarter net sales of $798.0 million, which missed a Street consensus estimate of $895.7 million, according to data from Benzinga Pro.
Net sales were down from last year's second quarter total of $1.16 billion.
The company reported a profit of 1 cent per share, beating a Street consensus estimate of a loss of 9 cents per share.
Net sales by segment in the second quarter were the following, with comparable sales from last year's second quarter in parentheses.
Hardware and Accessories: $451.2 million ($597.0 million)
Software: $207.7 million ($397.0 million)
Collectibles: $139.4 million ($169.8 million)
All three segments saw year-over-year declines.
GameStop ( GME ) ended the second quarter with $4.2 billion in cash, cash equivalents and marketable securities.
The company announced it will not be holding a conference call.
GME Price Action: GameStop ( GME ) shares are trading flat at $23.49 in after hours trading versus a 52-week trading range of $9.95 to $64.83.
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