GameStop Stock Breaches $20 After Revenue Whiff
GameStop(GME) Schaeffers Investment Research·2024-09-11 23:14
GameStop Corp (NYSE:GME) stock is near the bottom of the New York Stock Exchange (NYSE) today, last seen down 17.7% to trade at $19.36. The meme stock and video game retailer reported adjusted second-quarter earnings of one cent on $798 million in revenue. While earnings are higher year over year, the revenue was a more than 20% drop from the $1.16 billion figure a year ago. Customers opting to buy video games online hurt GameStop, which relies on the selling of new and used discs in-store. The company also ...