GameStop Corp. is eliminating its dividend after profit fell in the first quarter amid declining videogame sales.
The Grapevine, Texas-based videogame retailer said first-quarter net income fell to $6.8 million, or 7 cents a share, from $28.2 million, or 28 cents a share, a year ago. Analysts polled by FactSet were expecting earnings of 2 cents a share.
Sitting in my livingroom downloading my next game. 🤔
Sitting in living room downloading next game..🤔
That’s what they get for giving you 20 cents and bread crumbs for a video game
Capitalism common core economics: 10 eats 1 eats 1 eats 1 eats 1 eats 1 eats 1 eats 1 eats 1 eats 1 eats...going down darth vader style. Genesis multiverse economics 1,1,2,3,5,8,13,21,34,55,89,144 be fruitful and multiply forever and ever!
GameStop trash anyway
Falling knife. Needs a serious reboot...
Every video game I hear about that has any hype or build up seems to be a disappointment when it finally gets released. Might have something to do with it.
Anyone think they will be open in 5 years? Everything is available elsewhere and soon it will all be download only I suspect.
My response to this after remembering how they gave me $2 for each game I'd trade in as a kid and then see it on the shelf for 29.99 the next week
GameStop is bunk
I'll give them $3 for their $7 stock
Looks like all their shady business practices are coming back to haunt them...
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