1 00:00:00,000 --> 00:00:03,627 2 00:00:03,627 --> 00:00:04,860 SEANA SMITH: Jared, we have earnings. 3 00:00:04,860 --> 00:00:06,660 They just keep rolling in here, GameStop 4 00:00:06,660 --> 00:00:07,920 also out with its results. 5 00:00:07,920 --> 00:00:10,470 Shares, though, under a bit of pressure after hours. 6 00:00:10,470 --> 00:00:12,360 What are the numbers? 7 00:00:12,360 --> 00:00:14,470 JARED BLIKRE: Yeah, stock's down about 2%. 8 00:00:14,470 --> 00:00:17,050 And theirs was kind of the flip situation of Chewey, 9 00:00:17,050 --> 00:00:19,030 where they missed on their top line. 10 00:00:19,030 --> 00:00:21,440 Third-quarter net sales coming in at only $1 billion. 11 00:00:21,440 --> 00:00:24,310 The street was hoping for $1.09 billion. 12 00:00:24,310 --> 00:00:28,360 But they did manage a bit on their loss per share estimates. 13 00:00:28,360 --> 00:00:31,120 Adjusted net loss per share came in at $0.53. 14 00:00:31,120 --> 00:00:32,830 The estimate was for $0.85-- 15 00:00:32,830 --> 00:00:34,090 so a beat there. 16 00:00:34,090 --> 00:00:38,860 Third-quarter comp sales, they were down 24.6% year-over-year. 17 00:00:38,860 --> 00:00:43,420 But global e-commerce sales, those increased to 257%. 18 00:00:43,420 --> 00:00:46,540 So that's a pretty big jump right there. 19 00:00:46,540 --> 00:00:49,630 Looking at some comments by the CEO, George Sherman, 20 00:00:49,630 --> 00:00:51,100 he said in the earnings release, we 21 00:00:51,100 --> 00:00:53,530 anticipate for the first time in many quarters 22 00:00:53,530 --> 00:00:55,120 that the fourth quarter will include 23 00:00:55,120 --> 00:00:58,550 positive year-on-year sales growth and profitability. 24 00:00:58,550 --> 00:01:01,120 So big hopes for the holiday season here. 25 00:01:01,120 --> 00:01:03,880 But the company continues to suspend guidance. 26 00:01:03,880 --> 00:01:05,110 Let's take a look at their chart. 27 00:01:05,110 --> 00:01:09,430 Another COVID play here, up 178.6% year-to-date. 28 00:01:09,430 --> 00:01:10,980 Guys?