GameStop Shares Slide 4% as Retailer Misses Q4 Earnings Forecasts
• GameStop reported worse-than-expected Q4 financial results, with net sales of $1.794B (below estimate of $2.05B) and EPS of $0.22 (below estimate of $0.29)
• Full year net sales were $5.273B, down from $5.927B last year
• GME shares trading lower by 4.2% to $12.62 on Thursday, continuing downward momentum after earnings miss
• Ways to gain exposure to GME stock include buying shares directly, ETFs that hold GME, or 401k strategies that allocate to GME
• GME has 52-week high of $27.65 and 52-week low of $11.82