GameStop Corp. reported third-quarter results highlighted by a notable earnings miss. The stock reacted sharply to the downside and analysts debated how much power is left in the retailer's life bar.
Adjusted earnings came in at a loss of 49 cents per share, missing estimates by 60 cents. Sales came in at $1.439 billion, missing estimates by $181 million.
Second-quarter adjusted earnings came in at a loss of 32 cents per share, missing estimates by 11 cents. Sales came in at $1.29 billion, missing estimates by $50 million.
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I didn't have a great opinion on $GME until recently. They've been winning me over.
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While previously not a fan of #GameStop, lately I've been impressed with the company. $GME
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Wow, that's a major drop for #GameStop. Is there any insight into why there was such a dropoff in sales? $GME