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NoneThe Gunners delivered the statement Champions League victory their manager had demanded to bounce back from a narrow defeat at Inter Milan last time out. Goals from Gabriel Martinelli, Kai Havertz, Gabriel Magalhaes, Bukayo Saka and Leandro Trossard got their continental campaign back on track, lifting them to seventh place with 10 points in the new-look 36-team table. It was Arsenal’s biggest away win in the Champions League since beating Inter by the same scoreline in 2003. “For sure, especially against opposition we played at their home who have not lost a game in 18 months – they have been in top form here – so to play with the level, the determination, the purpose and the fluidity we showed today, I am very pleased,” said Arteta. “The team played with so much courage, because they are so good. When I’m watching them live they are so good! They were all exceptional today. It was a big performance, a big win and we are really happy. “The performance was there a few times when we have played big teams. That’s the level that we have to be able to cope and you have to make it happen, and that creates belief.” A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. The Gunners took the lead after only seven minutes when Martinelli tucked in Jurrien Timber’s cross, and Saka teed up Havertz for a tap-in to double the advantage. Arsenal added a third on the stroke of half-time, Gabriel charging in to head Declan Rice’s corner into the back of the net. To rub salt in the wound, the Brazilian defender mimicked Viktor Gyokeres’ hands-over-his-face goal celebration. That may have wound Sporting up as they came out after the interval meaning business, and they pulled one back after David Raya tipped Hidemasa Morita’s shot behind, with Goncalo Inacio netting at the near post from the corner. But when Martin Odegaard’s darting run into the area was halted by Ousmane Diomande’s foul, Saka tucked away the penalty. Substitute Trossard added the fifth with eight minutes remaining, heading in the rebound after Mikel Merino’s shot was saved. A miserable night for prolific Sporting striker Gyokeres was summed up when his late shot crashed back off the post.
President Sarhad Chamber of Commerce and Industry (SCCI), Fazal Moqeem Khan has termed the China-Pakistan Economic Corridor (CPEC) a game-changer for the economic and social development of Pakistan. Emphasizing its importance, he urged the government to allocate all necessary resources for the successful implementation of the project. Fazal Moqeem Khan expressed these views during his visit to the China Window, a Chinese cultural and information center in Peshawar. He was accompanied by the Chamber’s Senior Vice President Abdul Jalil Jan, Vice President Shahryar Khan, and Executive Committee Members Mujeeb-ur-Rehman and Ishtiaq Ahmed. During his visit, Fazal Moqeem Khan toured the various galleries at China Window, recorded his impressions in the guest book, and signed the Friendship Wall. Mr Khan described CPEC as a cornerstone of Pakistan’s economic growth, offering unprecedented opportunities for trade, infrastructure development, and regional connectivity. He praised the initiative for fostering industrialization, creating employment, and strengthening ties between Pakistan and China. “The China-Pakistan Economic Corridor is not just a project; it is a gateway to prosperity. It has the potential to turn Pakistan into a hub of economic activity and bring significant benefits to the region,” he said. He stressed the need to expedite work on CPEC, highlighting that trade activities under the project would boost the national economy, generate employment opportunities, and pave the way for Pakistan’s development. He further remarked that the friendship between Pakistan and China is recognized worldwide, and CPEC stands as a remarkable symbol of this bond. He called for efforts to remove obstacles hindering the project’s progress, ensuring its timely completion. Fazal Moqeem Khan also assured that the business community is fully committed to supporting the success of CPEC, expressing confidence that the project will usher in a new era of development and prosperity, particularly in Khyber Pakhtunkhwa. The SCCI delegation lauded China Window as a significant hub of Pak-China friendship in Peshawar. They praised its role in fostering bilateral ties and promoting a positive image of Pakistan-China relations. Earlier, a Memorandum of Understanding (MoU) was signed between the Sarhad Chamber of Commerce and Industry Peshawar and China Window. Under this agreement, both organizations will collaborate to strengthen Pak-China relations and raise awareness about CPEC through various events and initiatives.Oklahoma residents on Sunday mourned the death of former Democratic U.S. Sen. Fred Harris , a trailblazer in progressive politics in the state who ran an unsuccessful presidential bid in 1976. Harris died on Saturday at 94. Democratic Party members across Oklahoma remembered Harris for his commitment to economic and social justice during the 1960s — a period of historical turbulence. Harris chaired the Democratic National Committee from 1969 to 1970 and helped unify the party after its tumultuous national convention in 1968 when protesters and police clashed in Chicago. “Fred Harris showed us what is possible when we lead with both heart and principle. He worked to ensure everyone had a voice and a seat at the table,” said Alicia Andrews, chair of the Oklahoma Democratic Party. Harris appeared at the Democratic National Convention in Chicago earlier this year as a guest speaker for the Oklahoma delegation, where he reflected on progress and unity. "Standing alongside him in Chicago this summer was a reminder of how his legacy continues to inspire,” Andrews said. Kalyn Free, a member of the Choctaw nation of Oklahoma and the DNC, said that there is no one else in public service whom she admired more than the former senator. “He was a friend, a mentor, a hero and my True North. Oklahoma and America have lost a powerful advocate and voice,” Free said in a statement. “His work for Indian Country will always be remembered.” “Senator Harris truly was an Oklahoma treasure and was ahead of his time in so many ways,” said Jeff Berrong, whose grandfather served in the state Senate with Harris. “He never forgot where he came from and he always remained focused on building a society that would provide equality of opportunity for all.” Harris served eight years in the state Senate before he was elected to the U.S. Senate, where he served another eight years before his 1976 presidential campaign. State party leaders commemorated his work on the National Advisory Commission on Civil Disorders, or the Kerner Commission, to investigate the 1960s riots. Harris was the last surviving member of the commission. Shortly after his presidential campaign, Harris left politics and moved to New Mexico and became a political science professor at the University of New Mexico. —- Lathan is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.ISLAMABAD: Jamiat Ulema-e-Islam (JUI-F) Chief Maulana Fazlur Rehman revealed that he has not received any formal message from the Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan regarding a meeting, ARY News reported. In an informal conversation, Fazlur Rehman discussed various political matters, including his stance on the (PTI) founder Imran Khan, elections, and governance. He further added that if Imran Khan wishes to meet him, he would decide after careful consideration. On the relationship with Imran Khan’s PTI, the JUI-F leader clarified that there was a working relationship at the federal level but expressed differing views on provincial matters. Read More: Fazlur Rehman ‘advised bed rest ‘amid health concerns Maulana Fazlur Rehman highlighted the ongoing terrorism concerns in Dera Ismail Khan, Bannu, and Tank, stating that the situation in these areas was deeply troubling. He pointed out that courts and government offices had been moved from Tank to Dera Ismail Khan. Regarding governance in Khyber Pakhtunkhwa, Maulana Fazlur Rehman criticized the lack of government authority, noting that the government’s influence was hardly visible in the region. The JUI-F chief expressed dissatisfaction with the level playing field during the general elections, stating that their concerns about being sidelined were valid. Fazlur Rehman mentioned that while some individuals were used in the elections, his party had refused to be used. Regarding the 26th Amendment, Maulana Fazlur Rehman emphasised that it prioritised strengthening institutions over personalities. He also spoke on the issue of the seminary registration bill, claiming that unnecessary complications had been introduced, though the matter was now being resolved amicably. Earlier on December 27, Maulana Fazlur Rehman, halted all political activities due to health concerns. According to details, doctors have advised Fazlur Rehman a complete bed rest and avoid walking due to ‘swelling in his left foot’, the sources said. They further say upon returning from the meeting with the prime minister last week, Maulana Fazlur Rehman experienced swelling in his left foot. It is to be noted that on December 20, Maulana Fazlur Rehman called on Prime Minister Shehbaz Sharif to discuss concerns related to the Seminary Registration Bill. JUI chief led a JUI-F delegation comprising Molana Abdul Ghafoor Haidri and Senator Kamran Murtaza.Attentive Named to the 2024 Deloitte Technology Fast 500TM for the Fourth Consecutive Year
Jennifer Leyden Sells 12,342 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock
Stojakovic, Wilkinson lead short-handed Cal past Sacramento State, 83-77 in Cal ClassicNoneBoys basketball: Bulldogs down Jaguars at the buzzer
Inside an arena in Tampere, Finland in mid-December, future top PWHL draft prospects faced off in a tournament final. At the Women's Euro Hockey Tour (or Six Nations Tournament), the Canadians faced an American roster stacked with senior national team talent, including Lacey Eden, Abbey Murphy, Caroline Harvey and Laila Edwards. A Canadian squad with less international experience stuck in the game until the final minutes, when the Americans pulled ahead on a Murphy goal for an eventual 5-3 win. Canadian goaltender Ève Gascon had 33 saves in the loss, putting up a performance her coach described as "phenomenal." "Not necessarily the results against the U.S. that we were hoping for, but we are super proud of our team's performances throughout the course of the tournament," Canadian national development team head coach Alison Domenico said in an interview with CBC Sports. "In that last game alone to kind of come back, being down a couple, it could have been easy to pack it in." American forward Abbey Murphy, pictured here at a Canada-U.S. Rivalry Series game in November 2024, scored the game-winning goal for the American national development team at the Women's Euro Hockey Tour/Six Nations Tournament. (Tony Avelar/AP) Even though several players on both sides of that final are likely to be high draft picks in the PWHL within the next few years, the tournament wasn't broadcast in Canada, nor was it streamed by Hockey Canada. While many Canadians will watch top NHL prospects at the world junior hockey championship for men under 20, which begins on Dec. 26, there's no world championship for women of the same age. There's a world championship for women under 18, which will take place in Finland in January and is broadcast nationally on TSN. But there are few international opportunities between that tournament and the senior national team, creating a development gap as women aim to reach the highest level of the sport. For fans, it also means fewer opportunities to see and get excited about future PWHL stars. Most will go from the under-18 tournament to play in the NCAA, but those games aren't always easy to find in Canada, either. Earlier this year, the IIHF said a women's world junior championship is on the horizon, but isn't likely to happen for several years, the Canadian Press reported. In Europe, the problem is that there aren't enough female players to fill teams on the under-18 side, a senior national team and another age group in between, according to Mike Helber, the director of hockey operations for the Swedish Ice Hockey Association. "What will end up happening is that our best players will play at least in two of the tournaments, maybe even all three," Helber said in an interview with CBC Sports. On the flip side, it's difficult for players to develop without opportunities to play against top players. Helber's goal is to increase the number of Swedish players between the ages of 19 and 24, and to get more of those players coming to North America for college. Those players grow playing against top Canadian and American prospects, and bring what they learn back to Sweden when they return to their national team, Helber said. "We need to get more players over towards North America to see how good the players actually are," said Helber, an American who played collegiate hockey at the University of Michigan. "They're shocked at times." Once the player pool grows, Helber would be open to seeing a world championship for college-aged players. In the meantime, he still wants to see Swedish players getting opportunities to compete against other countries. Sweden's Hilda Svensson celebrates a goal with the Swedish team at the women's world championship in April 2024. The 18-year-old also competed for her country at the Women's Euro Hockey Tour/Six Nations Tournament. (Christinne Muschi/The Canadian Press) He liked the format of the Six Nations tournament, and is also looking for opportunities for the Swedish team to compete against American college teams. "They need to see the level that North American athletes play at," he said. "The best way to do that is to find ways to play against them." Countries weren't limited to sending players of a certain age to the Six Nations tournament. The PWHL took a break during the tournament but most European PWHL players opted to stay with their club teams, with a few exceptions, like Boston Fleet goaltender Emma Söderberg (Sweden). Like the United States, Canada sent its development team, which has only a handful of opportunities to compete each year. The team also played a three-game series against the Americans this past summer, which the U.S. won two games to one. Some players on the development team could be a big part of Canada's senior national team at the 2030 Olympics and beyond, including defender Nicole Gosling, who won a world championship with the senior team in April, and Caitlin Kraemer, . Defender Nicole Gosling competed for Canada's national development team at the Women's Euro Hockey Tour/Six Nations Tournament, and is likely to be a top PWHL draft pick in the near future. (Christinne Muschi/The Canadian Press) With no in-between world championship for those players, it's important to find ways to keep getting them international experience, Domenico said. "Any way we can get them playing other countries and even just getting used to going overseas, getting the jet lag plan," she said. "Going through all of those experiences are really important when you get to that next level." For the PWHL, there could be a few benefits to having the best up-and-coming college-aged players competing against each other. It could help teams scout prospects. It could also help introduce a player like Kraemer to more fans before she gets drafted into the PWHL, just like a world junior tournament has done for top young players like Macklin Celebrini or Connor Bedard. "The PWHL is supportive of the development of women's hockey at all levels, which includes events that would provide greater opportunities for player development and that continue to grow the game globally," the league's senior vice-president of hockey operations, Jayna Hefford, told CBC Sports.
NoneSyracuse University graduate, family all found dead after suspected Christmas Day carbon monoxide leak
6 Unique (And Useful) Kindle Accessories To Enhance Your E-Reading ExperienceANDOVER, Mass. , Nov. 26, 2024 /PRNewswire/ -- TransMedics Group, Inc. ("TransMedics") (Nasdaq: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart, and liver failure, today announced that it will host an Investor & Analyst Day in New York City on Tuesday, December 10, 2024 , at 10:00 AM ET . Waleed Hassanein , MD., President and Chief Executive Officer, and members of the leadership team will present an overview of TransMedics' growth strategy, clinical pipeline, and operations. A live and archived webcast of presentations and Q&A sessions will be available on the "Investors" section of the TransMedics website at https://investors.transmedics.com . Please note management will only take questions from the live audience during the question-and-answer session following the formal presentations. In-person attendance at the event requires advanced registration. Please email Laine Morgan at laine@gilmartinir.com by December 4, 2024 , for further information. About TransMedics Group, Inc. TransMedics is the world's leader in portable extracorporeal warm perfusion and assessment of donor organs for transplantation. Headquartered in Andover, Massachusetts , the company was founded to address the unmet need for more and better organs for transplantation and has developed technologies to preserve organ quality, assess organ viability prior to transplant, and potentially increase the utilization of donor organs for the treatment of end-stage heart, lung, and liver failure. Investor Contact: Brian Johnston Laine Morgan 332-895-3222 Investors@transmedics.com View original content to download multimedia: https://www.prnewswire.com/news-releases/transmedics-to-host-investor--analyst-day-on-december-10-2024-302316931.html SOURCE TransMedics Group, Inc.ST.PAUL — Gov. Tim Walz, alongside the Minnesota Turkey Growers Association, presented Minnesota’s official Thanksgiving turkey on Tuesday, Nov. 26, in the Minnesota State Capitol reception room. The tom presented by Walz on Tuesday weighed in at 41.8 pounds. Paisley VonBerge, who has helped raise the bird since it was six weeks old, said the turkey will return back to her family’s farm in Hutchinson “to be enjoyed the way that turkeys are intended to be enjoyed.” President Joe Biden pardoned two Minnesota turkeys, Peach and Blossom, on Monday, Nov. 26, a contrast to Minnesota’s tradition of selecting a turkey to celebrate before it heads to the Thanksgiving dinner table. “We do it differently than in D.C. because here in Minnesota, we know turkeys are delicious, and we do not hide that fact, we celebrate that fact,” Walz said. During the presentation, Walz touted Minnesota’s turkey industry, which, with 600 farms, 40 million birds and 450 turkey farmers across the state, is number one in the nation, according to the Minnesota Turkey Growers Association (MTGA). MTGA President Jake Vlaminck said that the turkey industry in Minnesota has generated $16.5 billion for the state of Minnesota. Vlaminck said Minnesota’s rich industry is what allowed MTGA, alongside Walz, to donate $10,000 worth of turkey to Minnesota families ahead of Thanksgiving this year. “We delivered hundreds of turkeys last week to a long line of people waiting in the cold waiting for their Thanksgiving meal,” Second Harvest Heartland CEO Allison O’Toole said. “We could see the difference in their faces. It's moments like this that give Minnesota its reputation for a uniquely generous spirit.” Regarding the new administration of President-elect Donald Trump, his proposed tariff increases and their potential effect on some of Minnesota’s agriculture sectors like the turkey Industry, Walz said he will “watch those moves closely.” “Agriculture pays the heaviest price, states like Minnesota pay the heaviest price for that,” Walz said. “And I think at this time we're waiting to see what the forecast comes in.” Thom Peterson, Minnesota Department of Agriculture commissioner, said Mexico and Canada are some of Minnesota’s biggest markets and that 74% of Minnesota’s exports go to Mexico. Peterson said he and Gov. Walz are already beginning to have conversations with federal officials on how new trade agreements or tariffs could affect Minnesota. “When we were in D.C. yesterday with Peach and Blossom, we were honored to be joined by both Mexican and Canadian embassies,” Peterson said. “Trade is a lot of our [Minnesota’s] relationships. We're going to be active and engaged in that, those conversations. So we we do a lot of that ourselves, but we also have to partner with the federal government if they have a trade agreement.” After the formal presentation of the tom, Walz took a few off-turkey-topic questions — his longest stretch of answering questions from the press since returning from Minnesota. When asked if he regretted running with Vice President Kamala Harris, Walz said his only regret in life is not getting a dog sooner. “I'm proud to have been part of that. I think we put a message out that 75 million Americans liked, but not quite enough,” Walz said. “I was just glad to be out there, to be honest, glad to tell the Minnesota story, that we get things done together.” Walz said after coming home to a split legislature, he is hopeful leaders will be able to work things out and that he expects productivity from his partnered branch of government. “Look, we are in a split legislature like we were in 2019 and we got a lot done during that time, and it’s my expectation that we can do it, that we will compromise, we will continue to focus,” Walz said.
GRAPEVINE, Texas, Dec. 10, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the third quarter ended November 2, 2024. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com . THIRD QUARTER OVERVIEW Net sales were $0.860 billion for the period, compared to $1.078 billion in the prior year's third quarter. Selling, general and administrative (“SG&A”) expenses were $282.0 million for the period, compared to $296.5 million in the prior year's third quarter. Net income was $17.4 million for the period, compared to a net loss of $3.1 million for the prior year’s third quarter. Cash, cash equivalents and marketable securities were $4.616 billion at the close of the quarter. During the quarter, the Company completed its previously disclosed "at-the-market" equity offering program pursuant to the prospectus supplement filed with the SEC on September 6, 2024 by selling 20.0 million shares of its common stock for aggregate gross proceeds of approximately $400.0 million (before commissions and offering expenses). The Company does not anticipate any further at-the-market offerings involving the offer and sale of its common stock during the current fiscal year. The Company will not be holding a conference call today. Additional information can be found in the Company’s Form 10-Q. NON-GAAP MEASURES AND OTHER METRICS As a supplement to the Company’s financial results presented in accordance with U.S. generally accepted accounting principles (“GAAP”), GameStop may use certain non-GAAP measures, such as adjusted SG&A expenses, adjusted operating loss, adjusted net income (loss), adjusted earnings (loss) per share, adjusted EBITDA and free cash flow. The Company believes these non-GAAP financial measures provide useful information to investors in evaluating the Company’s core operating performance. Adjusted SG&A expenses, adjusted operating loss, adjusted net income (loss), adjusted earnings (loss) per share and adjusted EBITDA exclude the effect of items such as certain transformation costs, asset impairments, severance, as well as divestiture costs. Free cash flow excludes capital expenditures otherwise included in net cash flows provided by (used in) operating activities. The Company’s definition and calculation of non-GAAP financial measures may differ from that of other companies. Non-GAAP financial measures should be viewed as supplementing, and not as an alternative or substitute for, the Company’s financial results prepared in accordance with GAAP. Certain of the items that may be excluded or included in non-GAAP financial measures may be significant items that could impact the Company’s financial position, results of operations or cash flows and should therefore be considered in assessing the Company’s actual and future financial condition and performance. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current beliefs, views, estimates and expectations, including as to the Company’s industry, business strategy, goals and expectations concerning its market position, strategic and transformation initiatives, future operations, margins, profitability, sales growth, capital expenditures, liquidity, capital resources, expansion of technology expertise, and other financial and operating information, including expectations as to future operating profit improvement. Forward-looking statements are subject to significant risks and uncertainties and actual developments, business decisions, outcomes and results may differ materially from those reflected or described in the forward-looking statements. The following factors, among others, could cause actual developments, business decisions, outcomes and results to differ materially from those reflected or described in the forward-looking statements: economic, social, and political conditions in the markets in which we operate; the competitive nature of the Company’s industry; the cyclicality of the video game industry; the Company’s dependence on the timely delivery of new and innovative products from its vendors; the impact of technological advances in the video game industry and related changes in consumer behavior on the Company’s sales; interruptions to the Company’s supply chain or the supply chain of our suppliers; the Company’s dependence on sales during the holiday selling season; the Company’s ability to obtain favorable terms from its current and future suppliers and service providers; the Company’s ability to anticipate, identify and react to trends in pop culture with regard to its sales of collectibles; the Company’s ability to maintain strong retail and ecommerce experiences for its customers; the Company’s ability to keep pace with changing industry technology and consumer preferences; the Company’s ability to manage its profitability and cost reduction initiatives; turnover in senior management or the Company’s ability to attract and retain qualified personnel; potential damage to the Company’s reputation or customers' perception of the Company; the Company’s ability to maintain the security or privacy of its customer, associate or Company information; occurrence of weather events, natural disasters, public health crises and other unexpected events; risks associated with inventory shrinkage; potential failure or inadequacy of the Company's computerized systems; the ability of the Company’s third party delivery services to deliver products to the Company’s retail locations, fulfillment centers and consumers and changes in the terms the Company has with such service providers; the ability and willingness of the Company’s vendors to provide marketing and merchandising support at historical or anticipated levels; restrictions on the Company’s ability to purchase and sell pre-owned products; the Company’s ability to renew or enter into new leases on favorable terms; unfavorable changes in the Company’s global tax rate; legislative actions; the Company’s ability to comply with federal, state, local and international laws and regulations and statutes; potential future litigation and other legal proceedings; the value of the Company’s securities holdings; concentration of the Company’s investment portfolio into one or few holdings; the recognition of losses in a particular security even if the Company has not sold the security; volatility in the Company’s stock price, including volatility due to potential short squeezes; continued high degrees of media coverage by third parties; the availability and future sales of substantial amounts of the Company’s Class A common stock; fluctuations in the Company’s results of operations from quarter to quarter; the Company’s ability to incur additional debt; risks associated with the Company’s investment in marketable, nonmarketable and interest-bearing securities, including the impact of such investments on the Company’s financial results; and the Company’s ability to maintain effective control over financial reporting. Additional factors that could cause results to differ materially from those reflected or described in the forward-looking statements can be found in GameStop's most recent Annual Report on Form 10-K and other filings made from time to time with the SEC and available at www.sec.gov or on the Company’s investor relations website ( https://investor.gamestop.com ). Forward-looking statements contained in this press release speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. GameStop Corp. Schedule II (in millions, except per share data) (unaudited) Non-GAAP results The following tables reconcile the Company's selling, general and administrative expenses (“SG&A expense”), operating loss, net income (loss) and net income (loss) per share as presented in its unaudited consolidated statements of operations and prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to its adjusted SG&A expense, adjusted operating loss, adjusted net income (loss), adjusted EBITDA and adjusted net income (loss) per share. The diluted weighted-average shares outstanding used to calculate adjusted earnings per share may differ from GAAP weighted-average shares outstanding. Under GAAP, basic and diluted weighted-average shares outstanding are the same in periods where there is a net loss. The reconciliations below are from continuing operations only. GameStop Corp. Schedule III (in millions) (unaudited) Non-GAAP results The following table reconciles the Company's cash flows provided by (used in) operating activities as presented in its unaudited Consolidated Statements of Cash Flows and prepared in accordance with GAAP to its free cash flow. Free cash flow is considered a non-GAAP financial measure. Management believes, however, that free cash flow, which measures our ability to generate additional cash from our business operations, is an important financial measure for use by investors in evaluating the company’s financial performance. Non-GAAP Measures and Other Metrics Adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share are supplemental financial measures of the Company’s performance that are not required by, or presented in accordance with, GAAP. We believe that the presentation of these non-GAAP financial measures provide useful information to investors in assessing our financial condition and results of operations. We define adjusted EBITDA as net income (loss) before income taxes, plus interest income, net and depreciation and amortization, excluding stock-based compensation, certain transformation costs, business divestitures, asset impairments, severance and other non-cash charges. Net income (loss) is the GAAP financial measure most directly comparable to adjusted EBITDA. Our non-GAAP financial measures should not be considered as an alternative to the most directly comparable GAAP financial measure. Furthermore, non-GAAP financial measures have limitations as an analytical tool because they exclude some but not all items that affect the most directly comparable GAAP financial measures. Some of these limitations include: certain items excluded from adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure; adjusted EBITDA does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments; adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and adjusted EBITDA does not reflect any cash requirements for such replacements; and our computations of adjusted EBITDA may not be comparable to other similarly titled measures of other companies. We compensate for the limitations of adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share as analytical tools by reviewing the comparable GAAP financial measure, understanding the differences between the GAAP and non-GAAP financial measures and incorporating these data points into our decision-making process. Adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share are provided in addition to, and not as an alternative to, the Company’s financial results prepared in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Because adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share may be defined and determined differently by other companies in our industry, our definitions of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. Contact GameStop Investor Relations 817-424-2001 ir@gamestop.com
MARKET REPORT: Raspberry Pi in festive mood as shares soar
Iran says will hold nuclear talks with France, Germany, UK on FridayNonePHILADELPHIA (AP) — Philadelphia 76ers forward Paul George has a bone bruise on his left knee and will miss two games, the team said Thursday. The 76ers said George did not suffer any structural damage when he injured the same knee that he hyperextended during the preseason in Wednesday night's loss at Memphis. The game marked the first time this season the All-Star trio of George, Joel Embiid and Tyrese Maxey started a game together. George will miss home games Friday against Brooklyn and Sunday against the Los Angeles Clippers, his former team. A nine-time All-Star, the 34-year-old George will be evaluated again on Monday. Wednesday's 117-111 loss to the Grizzlies dropped the Sixers to 2-12, the worst record in the NBA headed into Thursday night's games. George signed a four-year, $212 million contract with Philadelphia after five seasons with the Clippers. He has averaged 14.9 points in eight games this season. Embiid has been out with injuries, load management rest and a suspension, while Maxey was sidelined with a hamstring injury. An expected contender in the Eastern Conference, the Sixers haven't won since an overtime victory against Charlotte on Nov. 10. AP NBA: https://apnews.com/hub/nba
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