GameStop reports decline in third quarter revenue
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GameStop Corp (NYSE:GME) reported a decline in third quarter revenue, falling to $860 million from $1.08 billion the previous year, missing Wall Street's expectation of $900 million. This led to a decrease in GME shares afterhours.
December 10, 2024 | 9:45 pm
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GameStop's Q3 revenue fell to $860 million, missing expectations and leading to a decline in share price afterhours. The company faces strong competition from online retailers.
GameStop's reported revenue was below both the previous year's and analysts' expectations, which typically results in a negative market reaction. The decline in revenue highlights the challenges GameStop faces from online competitors, impacting investor sentiment negatively.
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