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المشهد العربي
GameStop shares advance on early earnings boost from eBay
GameStop announced its preliminary financial results for the second quarter, expecting to achieve net income between $290 million and $310 million—a significant increase compared to $168.6 million in the same period last year. The growth is mainly due to the conversion of its equity-based financial derivative position tied to eBay shares into actual securities, which resulted in extraordinary gains of approximately $238 million. As a result, the company's stock rose by 2.15%, reaching $18.26, reducing its year-to-date decline to 8.76%.
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