GameStop sees Q1 revs below two estimate average (27.67)
- Co issues downside guidance for Q1 (Apr), sees Q1 (Apr) revs of $872-892 mln vs. $1.05 bln two analyst estimate.
- Selling, general and administrative expenses are expected to be in the range of $290 million to $300 million, compared to $345.7 million in the prior year fiscal quarter.
- Net loss is expected to be in the range of $27 million to $37 million, compared to a net loss of $50.5 million in the prior year fiscal quarter.
- Cash, cash equivalents and marketable securities are expected to be in the range of $1.073 billion to $1.093 billion, compared to $1.310 billion at the close of the prior year fiscal quarter.