GameStop revenue falls 7.6 percent

FILE PHOTO: A GameStop store is photographed in Austin, TX, U.S., March 26, 2018. Picture taken on March 26, 2018. REUTERS/Mohammad Khursheed

(Reuters) – GameStop Corp reported a 7.6 percent fall in quarterly revenue on Tuesday as the world’s largest video game retailer was hit by lower sales of games and gaming consoles at its stores.

The company’s net loss widened to $187.7 million, or $1.84 per share, in the fourth quarter ended Feb. 2 from $105.9 million, or $1.04 per share, a year earlier.

Net sales fell to $3.06 billion from $3.32 billion.

Reporting by Sayanti Chakraborty in Bengaluru

The put upGameStop revenue falls 7.6 percentappeared first on Reuters

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