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GameStop Corp. (NYSE:GME) shares are getting crushed after reporting a mixed first-quarter report on Tuesday.
Adjusted earnings came in at 7 cents per share, beating estimates by 10 cents. Sales came in at $1.55 billion, missing estimates by $90 million. The company sees FY2019 comparable store sales down 5-10 percent.
The company's boarded eliminated its quarterly dividend.
GameStop shares fell 8.4 percent to $7.16 at time of publication in after-hours trading. Shares are down 38 percent in 2019.
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Photo credit: Oxiq, WikiMedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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