GameStop share price hammered after CEO gets fired
GameStop Corp., the struggling video-game retailer, fired Matt Furlong, its chief executive officer for the past two years, and said chairman Ryan Cohen will take on a new executive role.
The shares plunged more than 20%.
[Bloomberg]
GameStop posts first profit in two years
GameStop Corp. reported a surprise profit in the fourth quarter and beat analysts' estimates for revenue, sending the shares soaring as much as 39% in extended trading.
Net income was $48.2 million, the first profit in two years, and compared with a...
Video game sales reach record highs
According to the latest data from NPD Group, US video game sales 2018 smashed records in October 2018.
The month's dollar sales reached $1.55 billion, the highest total spend for a month of October since the group began tracking the industry in 1995.