GameStop Delivers Best Quarter in Company History with $390M Profit and $2B Buyback
GameStop reports record Q1 2026 net income of $389.6 million and approves a $2 billion share repurchase program. Sales up 14% to $835M, driven by collectibles.
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GameStop reports record Q1 2026 net income of $389.6 million and approves a $2 billion share repurchase program. Sales up 14% to $835M, driven by collectibles.
Palo Alto beat expectations with strong growth, boosted outlook, and rising AI security demand, sending shares sharply higher.
Virgin Galactic plunged 39% in its worst day ever after announcing new shares to repay $30.5M debt.
Fannie Mae and Freddie Mac shares fell after Trump named Bill Pulte as acting Director of National Intelligence. His new dual role delays expected IPO plans for the mortgage giants.
Shake Shack lowered its Q2 2026 revenue outlook to $415M–$420M and same-shack sales growth to 2.5%–3% amid economic pressure and competition. Full-year profit targets also trimmed.
The White House lowered tariffs on agricultural and industrial equipment from 25% to 15%. Citi sees this as an incremental positive for Deere, CNH Industrial, and AGCO.