US EditionGameStop expects first-quarter revenue to drop, shares tumble
7 Articles
7 Articles
GameStop, one of the leading names in the video game retail industry, saw its shares fall more than 20% early on Friday after it said it planned to sell additional shares and reported preliminary results that showed a drop in first-quarter sales after announcing plans to issue up to 45 million Class A common shares in a market offering. GameStop registered an increase in its shares for “Roaring Kitty” The decision to increase share capital came …
GameStop expects first-quarter revenue to drop, shares tumble
:GameStop expects first-quarter net sales to drop from a year ago, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.Shares of the company fell 10 per cent in premarket trading on Friday, as it also filed for a mixed-shelf offer
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