GameStop expects first-quarter revenue to drop, shares tumble
7 Articles
7 Articles
Shares Of GameStop Drop 20% After It Files To Sell Additional Stock
(CTN News) – The stock of GameStop fell by twenty-five percent on Friday, subsequent to the disclosure of the video game retailer’s intention to sell additional shares and the release of preliminary figures indicating a decline in sales for the initial quarter. The publication of preliminary figures came before this. The video game retailer stated […] The post Shares Of GameStop Drop 20% After It Files To Sell Additional Stock appeared first on …
GameStop expects first-quarter revenue to drop
(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, 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.
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...
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