GameStop shares fall
Shares currently trading down close to 10 percent after analysts were expecting bigger earnings per share forecast for fourth quarter.
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.
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