GME Stock Alert: GameStop Posts Sales Drop as Foot Traffic Weakens
GMEGameStop(GME) Investor Place·2024-06-07 21:26

GameStop (NYSE:GME) unexpectedly posted first-quarter results, and the news wasn’t good. GME stock is down 19% in pre-market trading. The video game chain, which has become a meme stock thanks to Roaring Kitty, saw a decline in sales and foot traffic. The company lost 32.3million,11centspershare,onsalesof32.3 million, 11 cents per share, on sales of 882 million. A year ago, GameStop lost 50.5million,17centspershare,onsalesof50.5 million, 17 cents per share, on sales of 1.24 million. The results had been expected on June 17. They were moved up because of the stock’s volatility ...