GameStop shares drop 28% after retailer posts 29% sales decline, reveals stock sale plan
Publishing timestamp: 2024-06-07 11:47:10
Summary
GameStop posted a 29% decline in net sales for the period, which was worse than expected by Wall Street analysts. The company also announced an additional 75 million shares to be sold on top of a previous sale. GameStop shares plunged 28% in morning trading following the news.
Sentiment: NEGATIVE
Tickers: GME,
Keywords: breaking news: technology, breaking news: markets, gamestop corp, earnings, business news,
Source: https://www.cnbc.com/2024/06/07/gamestop-gme-q1-earnings.html