Friday, May 27, 2016

Gamestop Loses More

GameStop Corp, the world's largest retailer of video games, reported a 4.3 percent fall in quarterly revenue, hurt by lower sales of new gaming software and hardware.
Net income fell to $65.8 million, or 63 cents per share, in the first quarter ended April 30, from $73.8 million, or 68 cents per share, a year earlier.
Total revenue fell to $1.97 billion from $2.06 billion.

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