GameStop expects first-quarter revenue to drop, shares tumble
Summary
Shares of GameStop tumbled 10% in premarket trading Friday after the video game retailer said it plans to sell securities and reported preliminary results that showed a sales decline in the first quarter.
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Reuters
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.
(Reuters) - 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.
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
GameStop shares fall after it files to sell securities, says first quarter sales declined
This is breaking news. Please check back for updates. Shares of GameStop tumbled 10% in premarket trading Friday after the video game retailer said it plans to...
GameStop shares plummet 20% after falling sales in the first quarter
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 …