🟢 GameStop is trading 6.26% up in pre-market after projecting $290 million-$310 million net income

GameStop is trading 6.26% up at $18.99 after announcing preliminary Q2 results and amended convertible-note exchange terms on August 31, 2026.

• Operating income is expected at $150 million-$170 million; net income is projected at $290 million-$310 million despite lower sales.
• Approximately $358.4 million of the $1.4 billion exchange is planned for cash settlement, reducing share settlement.
• The move appears company-specific: major U.S. indexes were modestly lower in pre-market trading; full Q2 results are scheduled for September 8, 2026.