GameStop Corp. reported its third-quarter fiscal 2024 earnings, revealing an adjusted earnings per share (EPS) of $0.06, surpassing analysts' expectations by $0.09. However, the company's revenue of $860.30 million fell short of projections, missing by $27.38 million and marking a 20.19% year-over-year decline. Despite the revenue miss, GameStop's net income stood at $17.40 million. The company completed an equity offering, raising $400 million, which contributed to an improved liquidity position of $4.62 billion. Following the earnings announcement, GameStop's stock experienced a notable increase, rising by approximately 11%, reflecting investor optimism despite the mixed results.