GameStop Previews Q2 Earnings, Exchanges Convertible Debt
GameStop stock rose premarket after projecting Q2 net income up to $310 million, fueled by a $238 million eBay investment gain and updated debt exchange terms.
GameStop made money partly from selling some of its eBay investment, which boosted their profits this quarter. When companies get a big one-time money boost like this, it's worth asking whether they're making money the normal way too.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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