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Business · United StatesGameStop reported its first-quarter results Friday, showing a steep decline in sales along with a loss on the bottom line. The video game retailer posted net sales of $881.8 million for the period. That’s down 29% from $1.237 billion a year prior. To be sure, the company’s quarterly loss of $32.3 million was narrower than the year-earlier period’s of $50.5 million.See the Story
GameStop reports a 29% decline in sales and $32 million loss for the first quarter
83% Center coverage: 6 sources
GameStopGameStop said on Friday it sold up to 45 million shares in an at-the-market share sale program for an aggregate gross proceeds of about $933.4 million, sending its shares up nearly 18 per cent in extended trading. The struggling videogame retailer had earlier this month said it would sell shares to takeSee the Story
GameStop shares surge after completing at-the-market share sale
100% Center coverage: 1 sources