GameStop plunges 11% after company slashes full-year profit outlook

Channel:

DGamer

Subscribers:

585

Published on November 30, 2018 7:47:12 PM ● Video Link: https://www.youtube.com/watch?v=QluSlbTytE0

Duration: 6:37

40 views

2

GameStop slashed its 2018 earnings outlook.
The company said it anticipates weaker fourth-quarter results, despite strong sales over Black Friday and Cyber Monday.
That news outweighed better-than-expected third-quarter results.


The reduced projections outweighed GameStop's better-than-expected third-quarter results. The company reported adjusted earnings of 67 cents per share on $2.08 billion in sales. Analysts had projected adjusted earnings of 57 cents a share on revenue of $2.03 billion, according to Refinitiv consensus estimates