Shares of video game retailer  $GameStop (GME.US)$fell more than 7% in extended trading Wednesday after the company reported its second-quarter loss narrowed on a year-over-year basis.
The highlight of the earnings was the time spent. This online conference kept all the investors waiting for more than 40 minutes. All they could do is to enjoy the beautiful waiting music. The earnings part is short yet iridescent, it took Matt Furlong, the new CEO for only six and a half minutes to finish the talking and then fade out like a boss. Left all the investors in the online meeting room with shock and confusion. 
A friend indicates that:
This is the most bullish-sounding elevator music I’ve ever heard.
$GameStop (GME.US)$holders listening to the waiting music for earnings call:
Here's their second quarter overview:
Generated net sales of $1.183 billion, compared to $942 million in the prior year’s second quarter.
Ended the period with cash and restricted cash of $1.78 billion.
Ended the period with no long-term debt, other than a $47.5
million low-interest loan associated with the French government’s pandemic response.
Invested in long-term growth initiatives that include expanding the Company’s product catalog, enhancing its fulfillment network capabilities and technology, and adding talent across the organization.
Entered into a lease of a new 530,000 square foot fulfillment center in Reno, Nevada, positioning the Company’s fulfillment network to span both coasts of the continental U.S.
Entered into a lease of a new customer care center in Pembroke Pines, Florida and started building out U.S.-based customer care operations.
Source: STOCK TITAN

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