GameStop’s Stock Falls On Mixed Financial Results
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GameStop's stock fell 6% following mixed Q3 financial results. Revenue was $821 million, below analyst expectations of $987.3 million, but EPS was $0.24, above the expected $0.20. Sales dropped 4.5% year-over-year, contrasting with 22% growth in Q2. Cryptocurrency investments impacted results, with Bitcoin holdings decreasing in value. GME stock has declined 25% this year, trading at $23.11 per share.
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