GameStop posts $624.3 million loss due to impairment charges

GS:GameStop posted a net loss of $624.3 million for its third quarter ended October 27 due to goodwill and other impairment charges of $678.9 million. According to the retailer, this was required under Accounting Standards Codification 350 due to a temporary decline in the retailer's stock value during the company's second quarter.

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-Mika-2217d ago

This sucks. I hope they make a profit next year.