06:31 AM EDT, 06/07/2024 (MT Newswires) -- GameStop ( GME ) reported a fiscal Q1 adjusted loss Friday of $0.12 per diluted share, narrowing from a loss of $0.14 a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.09.

Revenue for the quarter ended May 4 was $881.8 million, compared with $1.24 billion a year earlier.

Two analysts surveyed by Capital IQ expected $995.3 million.

The company's share price surged more than 23% during recent premarket activity Friday.

Price: 57.27, Change: +10.72, Percent Change: +23.03