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GameStop beats quarterly revenue estimates -Breaking

by Mike Robinson

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© Reuters. A crowd walks by the GameStop, Manhattan, New York. December 7, 2021. REUTERS/Andrew Kelly/file photo

(Reuters) – GameStop Corp (NYSE) Wednesday’s third quarter results beat analyst estimates as the company sold more games consoles.

According to Refinitiv IBES data, overall revenues from the video games retailer were $1.30Billion. This is higher than estimates of $1.19Billion.

GameStop’s shares were one of those that dominated the meme-stock frenzy. This was a year in which day traders led the charge and was fueled by social media chatter such as Reddit.

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