GameStop Shares Fall on Forecast as Software Sales Decline
- Revenue from new titles slumped 6% during fiscal year 2015
- Fewer big games in first quarter may hold back revenue
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GameStop Corp., the world’s largest video-game specialty retailer, fell after fourth-quarter revenue missed analysts’ estimates and the company issued a forecast that also came up short.
Shares of the Grapevine, Texas-based company slumped 6.8 percent to $28.20 in late trading after being down as much as 8.3 percent. The stock had climbed 8 percent this year through Thursday in New York.