GameStop reports disappointing Q3 results

On Tuesday, GameStop reported third-quarter results and outlook that fell short of Wall Street expectations. The company disclosed that it repurchased 22.6 Million shares for $115.7 million during the quarter, which it says underscores “commitment to returning capital to shareholders.” For the quarter, GameStop’s total global sales decreased 25.7% to $1.4 billion, driven by a consolidated comparable store sales decrease of 23.2%.