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GameStop (NYSE:GME – Get Rating) posted its quarterly earnings results on Thursday. The company reported ($1.86) EPS for the quarter, missing the consensus estimate of $0.84 by ($2.70), MarketWatch Earnings reports. GameStop had a negative return on equity of 8.05% and a negative net margin of 2.61%. The firm had revenue of $2.25 billion for […]
Stocks that traded heavily or had substantial price changes Friday: FedEx, US Steel fall; Moderna, Tesla rise
NEW YORK — Stocks that traded heavily or had substantial price changes Friday: FedEx Corp., down $9.07 to $218.91. The package delivery company's fiscal... | March 18, 2022
ACQUISITIONS <strong>Amazon closes MGM deal</strong> Amazon.com Inc said it closed the US$8.5 billion acquisition of film studio Metro-Goldwyn-Mayer (MGM) after regulators declined to challenge the deal, cementing the company’s biggest takeover in five years. The closing, announced on Thursday in a statement on Amazon’s Web site, marks the latest deal by a US technology giant to win approval despite criticism that the companies have been able to gobble up smaller firms with little pushback from competition enforcers. EU regulators signed off on the MGM deal on Tuesday after fin...