{"id":130270,"date":"2020-12-09T18:16:43","date_gmt":"2020-12-09T15:16:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gamestop-shares-plunge-on-disappointing-earnings-report\/"},"modified":"2020-12-09T18:16:43","modified_gmt":"2020-12-09T15:16:43","slug":"gamestop-shares-plunge-on-disappointing-earnings-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gamestop-shares-plunge-on-disappointing-earnings-report\/","title":{"rendered":"#GameStop shares plunge on disappointing earnings report"},"content":{"rendered":"

“#Game<\/a>Stop shares plunge on disapp<\/a>ointing earnings report<\/strong>”
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GameStop shares took a beating on Wednesday following an earnings report that saw revenue plummet 30 percent. <\/p>\n

The video game retailer was down 17 percent in early morning trading as investors digested its $1 billion in revenue, short of the $1.1 billion that was expected. <\/p>\n

GameStop \u2014 which some investors hoped would pull off a solid quarter amid soaring demand for video games during the COVID-19 crisis \u2014 reported that comparable store sales fell nearly 25 percent in the quarter. <\/p>\n

The quarterly results did not include revenue from the new Xbox Series<\/a> X and PlayStation 5, which were both released in November and have proved virtually impossible to find.<\/p>\n

Though the company didn\u2019t provide a current-quarter forecast, it said it \u201cexpects to realize positive comparable store sales results and profitability in the fourth quarter,\u201d thanks to the holiday sales rush as well as new consoles from Microsoft and Sony. <\/p>\n

GameStop posted a loss of 53 cents per share, beating the Street\u2019s forecasted loss of 85 cents per share. <\/p>\n

GameStop shares were set to open down 17.3 percent, at $14.01.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#GameStop shares plunge on disappointing earnings report” GameStop shares took a beating on Wednesday following an earnings report that saw revenue plummet 30 percent. The video game retailer was down 17 percent in early morning trading as investors digested its $1 billion in revenue, short of the $1.1 billion that was expected. GameStop \u2014 which…<\/p>\n","protected":false},"author":1,"featured_media":130271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/12\/GameStop.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[83131,2815],"class_list":["post-130270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-9-20","tag-video-games"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/130270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=130270"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/130270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/130271"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=130270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=130270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=130270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}