GameStop Stock Prices Drop After Hours
GameStop's stock price fell after hours on Tuesday, May 10th, 2024.
The stock closed at $55.305 per share, down $0.05 from the previous close. The after-hours decline was likely due to a number of factors, including the broader market sell-off and the company's recent earnings report.
GameStop reported a loss of $157.9 million in the first quarter of 2024, wider than the $147.7 million loss it reported in the same period last year. The company also said that its sales fell by 13.3% in the first quarter, to $1.28 billion. The decline in sales was driven by a number of factors, including the ongoing shift to digital gaming and the company's decision to close some of its stores.
Despite the challenges, GameStop remains optimistic about its future. The company is investing in its digital business and expanding its product offerings. GameStop is also working to improve its customer service and overall shopping experience. The company believes that these initiatives will help it to drive growth and improve profitability in the long run.
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