FILE PHOTO: A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2022. REUTERS/Brendan McDermid
(Reuters) -GameStop Corp on Tuesday posted a surprise profit for the fourth quarter, its first since early 2021, as lower costs and job cuts padded the videogame retailer's bottom line, sending its shares nearly 50% higher in extended trading.
The company has also been shoring up its online sales capabilities in a bid to beef up its digital presence and diversify from the current mainstay of brick-and-mortar stores as competition heats up from bigger retailers.
