GameStop reported $1.38 billion in income in its fiscal first-quarter earnings report Wednesday, up barely from the $1.27 billion it reported within the year-ago quarter.

However, it additionally reported a $157.9 million web loss, from a $66 million web loss within the year-ago quarter.

Listed below are the important thing numbers:

• Loss per share: $2.08, not similar to estimates
• Income: $1.38 billion

Shares had been up greater than 4% in after-hours buying and selling.

The corporate has not offered a monetary outlook for the reason that begin of the pandemic. CEO Matt Furlong said in March that GameStop would not “really feel it is prudent to supply steerage through the early phases of our transformation and with the present international backdrop.”

The corporate has stated it plans to launch a non-fungible token (NFT) market by the tip of the present quarter and it reiterated in Wednesday’s launch its anticipated timeline. Non-fungible tokens are digital objects or art work which are tied to the blockchain so the unique model may be authenticated. GameStop stated it is taken steps to help the latest launch of a digital asset pockets that can permit customers to ship a obtain the tokens.

This story is creating. Examine again for updates.

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