|Bid||13.95 x 900|
|Ask||14.45 x 2200|
|Day's range||14.65 - 15.70|
|52-week range||11.83 - 27.65|
|Beta (5Y monthly)||-0.23|
|PE ratio (TTM)||N/A|
|Earnings date||06 Dec 2023|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||14 Mar 2019|
|1y target est||13.00|
GameStop (GME) misses on top and bottom-line estimates in its third-quarter earnings report. Yahoo Finance's Pras Subramanian, Josh Schafer, and Alexandra Canal monitor GameStop's stock — dipping into the red in extended trading hours — and comment on the gaming retailer's business model in the digital age and its first quarterly report with Ryan Cohen as CEO. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Net Sales Decline as Company Focuses on Cost Reduction and Streamlining Operations
GameStop missed quarterly revenue estimates on Wednesday as competition grew and consumers dialed back spending in an uncertain economy, hampering the videogame retailer's pivot to a more online-focused model. Sticky inflation and high borrowing costs have led to uneven spending in the gaming industry. Recently, two major players, including Take-Two Interactive Software, gave an underwhelming forecast.