GameStop tanks after missing on sales and signaling it will close some stores this year (GME)

GameStop on Thursday reported fourth-quarter profits that topped analysts expectations, but sales that missed forecasts amid weaker demand for its gaming consoles.  In its earnings release, the video-game retailer said its core category was weak, especially in the second half of the year, as the console cycle aged in lieu of new hardware releases. An earlier update on holiday Continue reading GameStop tanks after missing on sales and signaling it will close some stores this year (GME)
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