GameStop Corp. (NYSE:GME) troubles continue after reporting a second-quarter earnings miss.

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.

The company sees 2019 adjusted earnings of $1.15-$1.30, against a $1.48 consensus estimate.

"This is a compelling new strategic vision for the company, and we've already started to execute against all four pillars. We also remain committed to returning capital to shareholders and balancing that opportunity against the need to maintain a strong balance sheet to properly run our business and invest in responsible growth."

See Also: GameStop Is Losing Game Buyers To Cloud: Analysts Project 'Another Tough Year'

Highlights

• Total global sales decreased 14.3%
• New hardware sales decreased 41.1%
• New software sales decreased 5.3%

GameStop shares fell more than 13% in Tuesday's after-hour session. The stock closed at $5.09 per share. The stock is down 60% year to date.

Photo by Dwight Burdette/Wikimedia.