Investing.com -- GameStop (NYSE:GME) shares dipped in early U.S. trading on Thursday despite the troubled video game retailer reporting a narrower than expected loss in the second quarter.
The Texas-based company posted an adjusted loss of $0.03 a share on revenue of $1.16B, topping Wall Street's estimates, thanks in part to cost cutting measures.
Selling, general and administrative expenses dropped to $322.5M in the quarter from $387.5M a year earlier. Inventory, meanwhile, fell to $83.5M from $179.5M.
Yasin Ebrahim contributed to this report.