A GameStop store in New York, US, on Tuesday, May 14, 2024. Meme-stock traders again piled into GameStop Corp. a day after shares soared in a revival of the retail frenzy. Photographer: Michael Nagle/Bloomberg

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GameStop shares slid after the company said it expects a decline in sales but a narrower loss in the spring quarter.

Reporter

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GameStop shares slid after the company offered preliminary first-quarter results, saying it expects a decline in sales but a narrower loss in the spring quarter.

The stock was down 10% to $24.84 in premarket trading. Shares had gained 58% year-to-date when the market closed

GameStop shares retreat on preliminary first-quarter report

GameStop shares retreat on preliminary first quarter report

The video game retailer said it expects a loss of  $27m to $37m in the quarter

Dean Seal

Earnings

Retail

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