GameStop Corp. (NYSE: GME) posted wider-than-expected losses in Q3. Diluted loss came in at $0.31 per share, wider than Street estimates of a loss of $0.28 per share.
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GME’s sales slowed down in Q3 as the video game and gaming merchandise retailer posted net sales of $1.186 billion, compared to $1.297 billion in the same period last year.
Analysts had forecasted Q3 net sales of $1.35 billion.
Only two analysts have covered the GME stock in the past three months with a consensus rating of Moderate Sell based on one Hold and one Sell each.
In the past year, this meme stock has seen its shares drop by more than 40% in value.
