gamestop corp stock jumped 33 in the extended session tuesday after the specialty retailer reported a surprise quarterly profit and sales that were above wall street expectations gamestop gme earned 482 million or 16 cents a share in the fourth quarter contrasting with a loss of 1475 million or 49 cents a share in the yearago quarter sales dropped slightly to 223 billion from 225 billion a year ago in the prior year’s fourth quarter analysts polled by factset expected the videogame retailer to report an adjusted loss of 13 cents a share on sales of 218 billion gamestop said it trimmed its inventory to 6829 million at the close of the quarter compared with 915 million at the close of the fourth quarter of 2022 that reflected its “ongoing focus on maintaining a healthy inventory position” the company said gamestop said it completed most of its upgrades related to infrastructure systems shipping capabilities and online and mobile platforms the stock ended the regular trading day up 46 and has run up about 12 in the four days since it closed at a twoyear low gamestop has reported widerthanexpected losses in three of the past four quarters but the stock has gained the day after each of the past four reports by an average of 82 according to factset data the onetime meme stock has lost about 13 the past three months while the sp 500 index spx has gained 26