GameStop Shares Plummet after Q2 Forecast Disappoints (GME)
Posted on May 21, 2009 at 11:26 AM EDT
Video game retailer GameStop Corp. (GME) reported better-than-expected first quarter profits Thursday, but its shares plunged more than 15% after the company released very cautious second quarter guidance. The Grapevine, Texas-based company reported first quarter net income of $70.4 million, or 42 cents a share, compared with $62.1 million, or 37 cents a share, in the [...]