GameStop reported Q2 revenue of $790.2 million and beat estimates, but sales fell from $972.2 million and the eBay bid remains unsettled, leaving the company's picture unchanged.
GameStop reported Q2 revenue of $790.2 million that beat the consensus estimate but sales fell from $972.2 million. The company also cut convertible debt and is reconsidering its eBay bid, so the report leaves the picture unchanged.
GameStop was reported to be reconsidering its $56 billion bid for eBay; an alternate partnership using GameStop's 1,600 stores was suggested, so the report does not change eBay's outlook.
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