GameStop notches first profit in 2 years, sending stock price soaring

GameStop shares are surging after the struggling video game retailer reported its first profitable quarter in two years. In early trading the company's stock soared 46% to $25.70. The Texas-based retailer on Tuesday reported a net profit of $48.2 million for the fourth quarter ending on Dec. 31, compared with a loss of $147.5 million in the year-ago period, according to a regulatory filing. In 2021, GameStop's stock prices shot up to more than $300 after retail investors congregating on Reddit and other online forums joined forces to snap up...