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Video game retailer GameStop Corp GME reported third-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: GameStop reported third-quarter net sales of $860.3 million, down from last year's third-quarter total of $1.08 billion. The total missed a Street consensus estimate of $887.7 million, according to data from Benzinga Pro. Sales broken down by segment were as follows, with the total from last year's third quarter in parentheses: Hardware and accessories; $417.4 million ($579.4 million) Software: $271.8 million ($321.3 million) Collectibles: $171.1 million ($177.6 million) All three segments saw year-over-year sales declines. The company reported net income of $17.4 million in the third quarter versus a net loss of $3.1 million in last year's third quarter. GameStop reported adjusted earnings per share of 6 cents. The company ended the third quarter with cash and cash equivalents of $4.62 billion. In the third quarter, the company completed a previously disclosed at-the-market equity offering program that had aggregate gross proceeds of around $400 million. "The Company does not anticipate any further at-the-market offerings involving the offer and sale of its common stock during the current fiscal year," the company said. Read Also: GameStop Q3 Earnings Preview: Investors Want Bitcoin On Balance Sheet, Analyst Wants ‘Hint Of Any Strategy’ What's Next: Following a trend from recent quarters, GameStop said it will not be holding a third-quarter conference call. Investors and analysts continue to look for answers on how the company will spend its cash balance and what the direction of the company looks like going forward. GME Price Action: GameStop stock is up 1.52% to $27.34 in after-hours trading Tuesday versus a 52-week trading range of $9.95 to $64.83. The stock lost 3.58% in the regular session, closing at $26.93. Read Next: GameStop Rockets As Roaring Kitty Returns To X: What Does His Tweet Signal Ahead Of Q3 Earnings? Photo via Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
TRIBUTES are being paid to a well-known fisherman who lost his life following a tragic fall from a boat in Louth yesterday. It's understood the dad-of-three, named locally as Gearoid McMahon, 62, fell from a fishing boat at King John’s Pier Carlingford on Monday. The local community in Carlingford are in deep shock following a tragic accident. Gearoid, from Ard na Mara, Wallaces Road, Blackrock, Louth, was a native of The Ennis Road in Limerick city. The local coast guard and gardai attended the scene after the alarm was raised around 8.30am. Divers quickly started a search for the remains of tragic Gearoid. This is the latest in a number of tragic accidents to have happened in the popular seaside village on the Cooley peninsula. Just four years ago Healthcare assistant Ruth Maguire lost her life nearby. The fisherman leaves behind heartbroken wife Patricia and his three children Fiona, Eoin, and Ruairi. Funeral directors took to social media to announce his death. Posting on Facebook , they alerted mourners to the details of Gearoid's passing and asked for privacy for the family. The death notice reads as follows: "The death has occurred of Gearóid McMahon. "It is with profound sadness that we announce the untimely death of Gearóid Mc Mahon, Blackrock, Co.Louth and formerly of Ennis Road, Limerick and Strand Road, Limerick, following a tragic accident. "11th December 2024. Beloved son of Enda and the late Michael, loving husband of Patricia née Mc Henry, dearly loved dad to Fiona, Eoin and Ruaíri, loving brother to Gráinne, Meadhbh and the late Aoife and Lorcan, and son-in-law of Sean and the late Patricia Mc Henry. "He will be deeply missed by his family, his parents-in-law, sisters-in-law, brothers-in law, aunts, uncles, cousins, nieces, nephews, and his wide and wonderful circle of friends who enriched his life. "May He Rest in Peace. "Funeral arrangements will be updated on Friday afternoon. "House private at all times please. Funeral Arrangements Later." Devastated mourners expressed their condolences to the family . One person said: "I am so sorry for your loss of this lovely, gracious man. "I feel like I know you from Gearoid’s stories about you. "He spoke with such pride and gratitude for you all. I was blessed to run with him in Annagassan." Another said: ‘"On the few occasions that I met him he was kind and funny. "Sending you all support hugs at this very difficult time. "May your happy memories lift you and mind you in the difficult days ahead."
A role reversal doomed the No. 22 Xavier Musketeers in their only loss of the season, against Michigan at the Fort Myers Tip-Off on Wednesday. Normally a team that avoids committing turnovers and pressures its opponent into making them, Xavier (6-1) will try to recapture its early-season winning form when it hosts South Carolina State on Sunday in Cincinnati. Through their six wins, the Musketeers had just 58 turnovers while forcing 82 by their opponents. But against the Wolverines, they lost the turnover battle 19-10 and the game 78-53. The Musketeers committed 14 turnovers in the first half and fell behind 41-30. Xavier head coach Sean Miller credited his team for typically playing an up-tempo style while avoiding mistakes, while also acknowledging that the turnover bug really bit them against the Wolverines. "We lost to a really good team; no shame in that," Miller said. "We, on top of that, didn't play well." "And that (avoiding turnovers) is something you (usually) do well? That's going to be hard to overcome against a quality team like Michigan." Leading scorer Ryan Conwell (17.6 points per game) gave the Musketeers a boost with 19 points. Zach Freemantle, second on the team at 15.4 ppg, added 14 points and 10 rebounds. Problematically, however, they also contributed to the turnover problem with three apiece. "We didn't play well enough to win the game," Miller said. "The game got out of hand. It's not like our guys quit. Their depth just continued to wear on us." The Musketeers also get 11 points and a team-high 4.4 assists per game from Dayvion McKnight. The guard had just one turnover against Michigan, but he also made just one of his eight shot attempts. Xavier may have an opportunity get right in the turnover area against the Bulldogs (4-4), who are No. 207 in the NCAA in assist-to-turnover ratio at 1.11. South Carolina State is fresh off an 82-53 road loss to Marshall on Wednesday, in a game in which turnovers weren't a huge problem. But assists and made shots were hard to come by for the Bulldogs. Leading scorer Drayton Jones (12.0 ppg) again paced his team in points with 10 vs. Marshall, but the Bulldogs as a team managed just six assists and shot terribly at the 3-point (18.8 percent) and the free-throw (47.1 percent) lines. Jones is also the team's leading rebounder with 5.1 a game, but no Bulldogs player is averaging more than two assists. It's all part of the learning process for coach Erik Martin, whose first team went 5-26 in 2022-23. The Bulldogs improved to 14-18 last season, including 9-5 in the Mid-Eastern Athletic Conference. "The only way you can grow sometimes is by failure or by struggling," Martin said this offseason. "You have to fail in order to learn how to deal with failure and move on and become the person you're supposed to be." --Field Level MediaFBI Director Christopher Wray announced he will resign at the end of President Joe Biden's term, paving the way for President-elect Donald Trump's nominee, Kash Patel, to potentially take over . "This is the best way to avoid dragging the Bureau deeper into the fray, while reinforcing the values and principles that are so important in how we do our work," Wray said during a town hall on Wednesday . Trump responded on social media, calling Wray's resignation a "great day for America." Trump appointed Wray during his first term but criticized him and the FBI's search for classified documents at his Mar-a-Lago home. Although Wray still had years left in his term, Trump nominated Kash Patel to lead the agency. Trump's cabinet picks continue their fight to secure confirmation on Capitol Hill. "It's about earning support in this process in ongoing conversations," said Pete Hegseth, Trump's nominee for Defense Secretary . Controversial Pentagon pick Pete Hegseth met with Senator Susan Collins for more than an hour on Wednesday. Collins said she pressed him on various claims of misconduct, which he denies, but fell short of saying she would support him. "We had a good discussion, I'm not going to go into every question I asked," said Sen. Susan Collins, R-Maine. Momentum appears to be shifting in Hegseth's favor. "I had a good exchange, and we'll see what the process bears," said Sen. Lisa Murkowski, R-Alaska. "He's much better off this week than he was last week," said Sen. Lindsey Graham, R-South Carolina. Analysts say Hegseth is not the only one under pressure. "There have been some challenges to some senators. There's been some real arm twisting in terms of the threat of mounting primary challenges against them," said Todd Belt of George Washington University. Also on the Hill, Secretary of Homeland Security nominee and South Dakota Governor Kristi Noem pushed back on allegations that she neglected her state during major flooding this year.Colombia shares lower at close of trade; COLCAP down 1.26%
Volunteers with Nebraskans for Medical Marijuana sort through boxes of petitions submitted just before a deadline in 2022 to submit signatures to qualify for the November ballot. July 7, 2022. (Paul Hammel/Nebraska Examiner) LINCOLN — The Nebraska Attorney General’s Office and the Hall County Attorney’s Office are appealing the dismissal of criminal charges against a notary public who notarized medical cannabis petitions for the fall election. Hall County Attorney Marty Klein, Nebraska Attorney General Mike Hilgers and Assistant Attorney General Michael Jensen filed an appeal Friday to take the case to Hall County District Court against Jacy C. Todd, 54, a notary from York. Mark Porto, Todd’s attorney, did not immediately respond to a request for comment Friday on the appeal but previously urged prosecutors to “ stop playing political games .” “A series of politically orchestrated (and false) Class II misdemeanors are among the least scary and intimidating things Mr. Todd has ever encountered,” Porto said in a statement last month. Prosecutors to appeal case against Nebraska notary, whose attorney asks ‘to stop playing games’ Prosecutors charged Todd on Oct. 2 with 24 counts of “ official misconduct ” for allegedly notarizing petitions outside the presence of a paid petition circulator — Michael Egbert of Grand — on 24 separate dates. Egbert pleaded guilty Nov. 8 to a Class I misdemeanor for circulator fraud, down from a felony. He testified in court that he used a phone book to illegally add and forge voter signatures. Hall County Judge Alfred Corey dismissed all charges against Todd on Nov. 22, finding that notaries are not public officials and that allegations of notarial “malfeasance” can already be tried administratively. Corey ordered the state to pay associated court costs. “While these duties greatly assist others, notary publics are not public servants who are performing governmental functions,” Corey wrote in a four-page opinion. The prosecutors, in their appeal, argue that Corey erred in finding that a notary was not a public official and said many states recognize notaries public as having governmental power. The prosecutors added that an administrative investigation doesn’t prohibit criminal prosecution. Todd is believed to be the first notary public criminally charged in Nebraska in actions involving allegations of notary malfeasance. Hilgers’ office accused about seven other notaries involved with the medical marijuana ballot initiatives of similar malfeasance by Hilgers’ office in a Lancaster County District Court case against the petitions . None of the seven have been charged in the same manner as Todd. The Lancaster County district judge dismissed the case after rejecting arguments from the AG’s Office, which included accusations of notarial malfeasance. That ruling is also being appealed . SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Originally published on nebraskaexaminer.com , part of the BLOX Digital Content Exchange . Get local news delivered to your inbox!