New Cheat Code: Avoid GameStop During Earnings Season
It's easy to level up for GameStop (NYSE: GME) when it's going through bouts of nostalgic shine or wishful thinking. But it's a different story when earnings season comes around. A quarterly report has proved to be the ultimate end boss, and once again we find a market that's unimpressed by the video game retailer's latest financial update.
GameStop has been one of the market's hottest stocks over the past year, but it has proved susceptible to selling off whenever it has to check in with cold, hard performance numbers every three months. Tuesday afternoon's performance was another stinker, with revenue and earnings falling short of expectations for the holiday-spiked fiscal fourth quarter. And it was easy to see this coming.
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Source Fool.com
