GameStop jumps after posting biggest operating profit since Q4 2017

Shares of GameStop are ripping in the after-hours session after the video game and collectibles retailer posted its largest operating profit since its holiday quarter in 2017.

Adjusted earnings per share of $0.30 crushed estimates for $0.09. Though overall sales of $1.28 billion were shy of expectations, collectibles sales were a bright spot, and efforts to control costs are clearly working.

Shares had been down 0.8% ahead of the report.

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