GME - Why Is GameStop Stock Crashing Premarket After Early Gains? (CORRECTED) | Benzinga
Editor’s note: The article has been corrected to 45 million shares.
Shares of GameStop Corp. (NYSE:GME) plunged hard in premarket trading, signaling that the stock could be headed for a third straight session of losses.
The video game retailer released preliminary first-quarter results, anticipating revenue between $0.872 billion and $0.892 billion. This represents a significant decline from the prior year’s quarter of $1.237 billion. Additionally, GameStop expects a loss of $27 million to $37 million, narrower than the $50.5 million loss reported ...