Reuters
- GameStop is set to release its fourth-quarter earnings after the bell on Tuesday.
- The report comes as shares trade near a 14-year low.
- They crashed earlier this year after GameStop’s board ended plans to sell the company.
- Watch GameStop trade live.
GameStop is set to release its fourth-quarter earnings after the market’s close on Tuesday. The report comes as the company’s shares trade near the lowest level since 2005, having crashed earlier after GameStop’s board earlier this year terminated plans to sell the company.
The Texas-based consumer electronics chain has struggled to stay relevant in a changing gamer landscape. It announced agreement on Monday with two activist investors, Hestia Capital Partners and Permit Capital Enterprise Fund, that would add two new independent investors to its board.
Here’s what analysts surveyed by Bloomberg are expecting:
- Adjusted earnings per share (EPS): $1.58.
- Revenue: $3.27 billion.
GameStop has fallen 20% so far this year, and was trading near $10.14 a share on Tuesday.
Read more markets coverage from Markets Insider and Business Insider:
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Source: Business Insider – rungarino@businessinsider.com (Rebecca Ungarino)