GameStop Corp. reported a fiscal third-quarter loss that was wider than analysts’ expected and disappointed investors waiting for more details about how the struggling retailer intends to reshape its operations and lure gamers back. The shares fell in extended trading.
Separately, GameStop said it received a subpoena in August from the Securities and Exchange Commission asking for documents, following up on an initial request in May regarding an investigation by the agency into the trading activity of GameStop’s securities and those of other companies. GameStop said in a filing that the inquiry isn’t expected to adversely affect the company.
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December 09, 2021 at 05:51AM
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GameStop (GME) Reports Wider Loss as Investors Await News on Strategy - Bloomberg
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