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GameStop reports narrower-than-expected loss in Q2 as costs fall

Investing.com -- GameStop reported Wednesday a narrower than expected loss as cost cutting measures kept a lid on losses. 

GameStop Corp (NYSE:GME) rose nearly 1% in afterhours following the report. 

The company reported an adjusted loss of $0.03 a share on revenue of $1.16B, topping Wall Street's estimates for an adjusted loss of $0.14 on revenue of 1.14B.

Selling, general and administrative expenses fell to $322.5M in the quarter from $387.5M a year earlier. 

Inventory, meanwhile, fell to $83.5M for the quarter from $179.5M in the same period a year earlier.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.