GameStop Stock Shock: The Meme Dream Turned Dilution Nightmare
GMEGameStop(GME) Investor Place·2024-06-11 18:20

GameStop (NYSE:GME) pulled a fast one on investors. Originally scheduled to report fiscal first-quarter earnings on Tuesday, Jun. 11, the video game retailer reported results early. It released the results last Friday in an attempt to sandbag investors. The clock is ticking on GameStop stock, though. Reporting poor earnings ahead of the weekend is a common tactic used by companies wanting to minimize bad news. GameStop’s results were as bad as expected. Sales fell 28% to $882 million, which was the midpoint ...