GameStop Analyst Sees ‘Zero Terminal Value’ After Outlook
Photographer: Luke Sharrett/Bloomberg
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GameStop Corp. shares tumbled on Tuesday, after it reported a steep decline in same-store sales for the holiday shopping season and lowered its guidance for the year.
Analysts viewed the announcement as the latest bit of bad news for the video-game retailer, coming on top of multiple quarters of disappointing results as well as an aborted effort to sell itself.