Nvidia Vice President of Enterprise Computing Manuvir Das sits down with Yahoo Finance’s Julie Hyman and Dan Howley to discuss the integration of artificial intelligence into its consumer business models. Read More...
Reuters
GameStop shares surge as cost cuts drive surprise profit
(Reuters) -GameStop Corp on Tuesday posted a surprise profit for the fourth quarter, its first since early 2021, as lower costs and job cuts padded the videogame retailer’s bottom line, sending its shares nearly 50% higher in extended trading. The company has also been shoring up its online sales capabilities in a bid to beef up its digital presence and diversify from the current mainstay of brick-and-mortar stores as competition heats up from bigger retailers. “We’re aggressively focused on year-over-year profitability improvement while still pursuing pragmatic long-term growth,” CEO Matt Furlong said in a post-earnings conference call.
