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Benzinga
Benzinga
Business
Henry Khederian

Here's Why GameStop Shares Are Moving

GameStop Company GameStop Corp. GME NYSE

GameStop Corp. (NYSE:GME) shares are trading lower by 7.4% at $81.19 after the company reported fourth-quarter adjusted EPS results were lower year-over-year.

GameStop reported quarterly losses of $1.86 per share. GameStop also reported quarterly sales of $2.25 billion which beat the analyst consensus estimate of $2.22 billion by 1.5%. This is a 6% increase over sales of $2.12 billion in the same period last year. 

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