GameStop Earnings Preview: Can It Become Profitable?
Popular meme stock GameStop (NYSE: GME) is scheduled to report fiscal third-quarter earnings on Dec. 8. The company is struggling to turn around its finances. For three years running, GameStop has generated negative earnings per share.
However, support from retail investors willing to pay astronomical prices for GameStop stock allowed the company to raise over $1 billion in cash. The low-cost capital is raising hopes that GameStop can return to profitability soon.
Popular meme stock GameStop is up more than 900% in 2021. Image source: Getty Images.
Source Fool.com
