GameStop Earnings Miss Prompts Another Stock Price Pullback
The price-drop curse remains in place.
After falling 10 times immediately following the release of its past 11 quarterly reports, share prices of video gaming retailer GameStop (NYSE: GME) are down -- again -- in Wednesday's after-hours trading, following the post-close release of the company's second-quarter results. Although sales topped estimates, the bottom-line loss was bigger than expected.
It's arguable, however, that GameStop's status as a highly touted meme stock was going to spark a sell-off regardless of the results it tendered Wednesday afternoon.
Source Fool.com
