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Jai Ganesh
Dec 9, 2022, 3:42 PM
the biggest quarterly drop in revenue in two years, showing the struggling video game retailer's efforts to boost digital purchases haven't compensated for a decline in physical sales.
Net sales fell 8.5% to $1.19 billion in the three months ended Oct. 29, lower than two analysts' projections for $1.39 billion. The adjusted loss per share was 31 cents, worse than estimates for a 29 cent loss. Very few analysts cover the company, which is valued at $7 billion and whose stock is notoriously volatile.
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Jai Ganesh
Dec 9, 2022, 11:38 AM
A change in the way the cryptocurrency Ethereum works may have cut its power consumption by country-sized amounts.
The amount of...
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