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Travis Smith

@techbull

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GameStop's Financial Outlook and Crypto Speculations: GameStop Corp. is set to report its fourth-quarter results, with analysts expecting earnings of 8 cents per share and revenue of $1.477 billion. The company, facing declining sales amid competition from digital gaming, recently saw a surprise third-quarter profit. CEO Ryan Cohen's attempts to streamline GameStop include selling international operations and a store optimization review. Additionally, GameStop has entered the trading-card business, and there's speculation about venturing into cryptocurrency, highlighted by Cohen's communication with Strive Asset Management about bitcoin investment. Despite challenges, GameStop's significant cash reserve could allow bitcoin investments. Analyst Michael Pachter is skeptical, reiterating an underperform rating and $10 price target. ​
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