GameStop Misses Earnings Estimate, Plans to Launch NFT Marketplace
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GameStop Corp. reported a surprise loss during the holiday quarter and said it would launch a marketplace for nonfungible tokens by the end of the second quarter of fiscal 2022.
The company reported an adjusted loss of $1.86 a share, while analysts had projected a profit of 84 cents. Net sales rose 6.2% to $2.25 billion in the three months ended Jan. 29, the video game retailer said Thursday in a statement. Analysts had projected $2.23 billion. The shares fell about 9% in extended trading.