GME stock has plummeted in the days after its Q1 earnings report released Tuesday. Shares are currently selling for $5.04 USD on the NYSE; however, prior to the report, stock was trading comfortably sideways around the $7.80 mark.
What was so dire about GameStop’s (NYSE:GME) results to cause a near 40% selloff?
GME StockAs stated, the company released its Q1 earnings report on Tuesday. It reported earnings of $0.07 per share, beating the Zacks Consensus Estimate that predicted a loss of $0.02 per share. However, the company’s revenue was another story entirely.
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