Check out these firms making headlines after the market close: GameStop — The gaming retailer traded 1% lower after reporting mixed second-quarter results. While revenue fell to $798 million from $1.16 billion a yr earlier, GameStop reported net income rose to 4 cents per share from a lack of 1 cent per share a yr earlier. Petco Health & Wellness — Shares rose 4% after the pet retailer reported second-quarter earnings that were according to expectations, while Petco’s revenue of $1.52 billion was barely below the $1.53 billion expected by analysts surveyed by LSEG. For the third quarter, the corporate expects an adjusted lack of 3 cents to 4 cents per share, while analysts had expected a lack of 4 cents per share. Dave & Buster’s Entertainment — Shares within the arcade chain climbed 8% after Dave & Buster’s reported earnings per share of 99 cents, in comparison with analysts surveyed by LSEG who had expected 84 cents. However, the corporate’s revenue of $557 million was below the $561 million forecast. Morgan Stanley — The bank’s shares fell 1% after Goldman Sachs downgraded its rating to neutral from buy. Goldman analyst Richard Ramsden wrote that he sees further challenges for the bank within the near term.
Sunday, June 8, 2025
