GameStop (GME) Misses Q3 EPS by 60c, Cuts FY Guidance

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GameStop Reports Third Quarter Fiscal 2019 Results and Updates Fiscal 2019 Guidance

December 10, 2019 4:07 PM EST

Repurchased 22.6 Million Shares for $115.7 Million During the Quarter, Underscoring Commitment to Returning Capital to Shareholders

GRAPEVINE, Texas, Dec. 10, 2019 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME), today reported sales, earnings and share repurchase activity for the third quarter ended November 2, 2019, and issued updated guidance for fiscal 2019.

George Sherman, GameStops chief executive officer said, Our third quarter results continue to reflect the prevailing industry trends, most notably the unprecedented decline in new hardware sales seen across the market as the current generation of... More