GameStop slides after missing on earnings and saying it's still looking into a sale (GME)

pulse 17:51 - 07 September 2018

Shares of GameStop slide early Friday after the video-game retailer beat on sales but missed on profits and said it is engaging with third parties to consider a potential sale of the company.

It reiterated its full-year guidance.
The video-game retailer is engaging with third parties to consider a potential sale of the company.
Watch GameStop trade in real-time here.

GameStop shares declined early Friday after second-quarter results beat on revenue but missed on earnings. It also reiterated that it is

The video-game retailer posted adjusted earnings of 0.05 a share, missing the Wall Street consensus by three cents, according to Bloomberg data. Sales totaled $1.65 billion, down from last year's $1.62 billion estimate. Meanwhile comparable sales dropped 0.5%, beating the 3.7% decrease that was projected.

GameStop shares are down 16.5% this year through Thursday.

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