GameStop Share Drops as video game retailer reports widening losses in the third quarter

GameStop shares fell about 4% in extended trading on Wednesday, after the video game retailer reported that its losses widened in the fiscal third quarter.

The company reported that its net loss grew to $105.4 million, or $1.39 per share, from a loss of $18.8 million, or 29 cents per share, a year earlier.

Total revenue grew to $1.30 billion from $1.00 billion a year earlier. The company said its sales grew as it expanded relationships with brands, including Samsung, LG, Razer and Vizio.

The post GameStop Share Drops as video game retailer reports widening losses in the third quarter appeared first on UMM – Music, Film, TV & Gaming News.

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