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GameStop shares rose after GME earnings exceeded expectations and dividends paid

Source: CoinWorld
GameStop's share price surged more than 5% in after-hours trading after reporting second-quarter earnings of $0.25, surpassing expectations of $0.09 and announced the special dividend warrants. Revenue rose 22% to $972.2 million, profit jumped to $168.6 million and cash reserves reached $8.7 billion. The Warrants program allows shareholders to subscribe for additional shares at $32 per share between 2025 and 2026, driving retail sentiment to extremely bullish levels.
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