GameStop's latest quarterly earnings report released today showed both revenue and profit were on the rise year-over-year, but investors are not responding positively to the news. GameStop shares are currently trading down more than 9.5 percent to $47.33 (-$5.12).
One potential explanation for Wall Street's sourness could come down to the retailer's projected earnings for the all-important fourth quarter holiday period.
GameStop said today that it expects earnings per share to range from $1.97 to $2.14. According to a Thomson Reuters poll, analysts were expecting this figure to be $2.15.
The retailer will hold an earnings call to discuss results and answer analyst and media questions beginning at 11 a.m. EDT. Check back later for more.