GameStop Shares Slump After Videogame Retailer’s Q3 Results and Outlook Miss Mark – Stock Market – Business News, Market Data, Stock Analysis


GameStop shares dropped double digits in after-hours trading Tuesday, after the videogame retailer missed analyst estimates for its third quarter and in its outlook.

For the quarter ended Nov. 2 the Grapevine, Texas, company reported a net loss of $1.02 a share, narrowed from a loss of $4.78 in the year-earlier quarter. 

The adjusted loss from continuing operations was 49 cents a share, compared with earnings of 49 cents a year earlier.

Revenue fell 26% to $1.44 billion. 

Analysts were expecting the company to report earnings of 11 cents a share on revenue of $1.62 billion.



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