GameStop Earnings Miss Prompts Another Stock Price Pullback


The price-drop curse remains in place.

After falling immediately following the release of 10 of its past 11 quarterly reports, the share price of video gaming retailer GameStop (NYSE:GME) is down — again — in Wednesday’s after-hours trading, following the post-close release of the company’s second-quarter results. Although sales topped estimates, the bottom-line loss was bigger than expected.

It’s arguable, however, that GameStop’s status as a highly touted meme stock was going to spark a sell-off regardless of the results it tendered Wednesday afternoon.

Leave a Reply

Your email address will not be published.