Traders will be watching how shares of Rent the Runway and GameStop react in Thursday's trading following the latest results.
Crossmark Global CIO gives his take on Blackstone limiting redemptions and on what investors should watch on 'Making Money.'Shares surged 25% in extended trading. The world’s first and largest shared designer closet topped Wall Street revenue estimates and matched the profit expectation.
The company reported losses of $0.56 per share, much better than the same quarter last year when the company reported a loss of $6.72 per share.Shares gained 3% in extended trading, after management said the company may explore acquisitions after reporting a slightly worse-than-expected fiscal-third-quarter adjusted loss.
Pedestrians pass a GameStop store on 14th Street at Union Square in the Manhattan borough of New York. Gaming companies are also facing a slowdown in demand for video games from pandemic highs, raising doubts about their ability to weather an economic downturn next year.
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Rent the Runway Shares Surge After Fashion Rental Company Reports Stronger Quarterly SalesThe fashion rental company reported stronger revenue that beat expectations as customers opted to borrow designer clothes instead of buying them.
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Rent the Runway reports stronger quarterly sales as shoppers look to save moneyThe fashion rental company reported stronger revenue that beat expectations as customers opted to borrow designer clothes instead of buying them.
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GameStop stock falls on worse-than-expected quarterly loss, revenue declineCORRECTION: GameStop said it lost $94.7 million, or 31 cents a share, in the third quarter, compared with a loss of $105.4 million, or $1.39 a share, in the prior year’s quarter. A previous tweet that misstated the prior loss has been deleted:
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GameStop reports biggest quarterly revenue drop in two yearsThe Grapevine-based video game retailer’s results show digital gaming sales gains aren’t keeping up with a decline in store purchases.
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Wedbush says sell GameStop shares before Wednesday's earnings, stock still very much irrationalThe stock's price is disconnected from business fundamentals, the firm says.
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SushiSwap chief says DEX only has 1.5 years of treasury runway leftWith operating expenses amounting to $5 million per year, Sushiswap's treasury might live a little under two years.
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