Retail

GameStop (GME) 2Q 2021 earnings

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Shares of video game retailer GameStop fell more than 7% in extended trading Wednesday after the company reported its second-quarter loss narrowed on a year-over-year basis.

The retailer did not provide an outlook for the coming quarters or take questions during its earnings conference call. It was the first call since CEO Matthew Furlong and CFO Mike Recupero joined GameStop’s leadership.

The retailer also said the U.S. Securities and Exchange Commission has requested additional documents for a probe into GameStop and other companies’ trading activity, which the company had disclosed in May. GameStop said the inquiry is not expected to negatively impact the company.

GameStop shares have…



Source cnbc.com

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