div > div.group > p:first-child"> Shares of Gamestop sank 8 percent in extended trading Tuesday after the company reported that same-store sales decreased 5 to 10 percent, compared to decrease of 0.2 percent estimated by analysts.
Gamestop recently named George Sherman as the company's chief executive officer starting on April 15. Most recently, Sherman served as the CEO of Victra, the largest exclusive authorized retailer for Verizon Wireless products and services. The stock is down more than 20 percent year to date. Same-store sales increased 2.9 percent, compared to the estimated increase of 2.1 percent. Dave & Buster's also announced a $200 million share buyback program.
Source: News Formal (newsformal.com)
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