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GameStop Stock Turns Positive After Quarterly Results
GameStop shares (GME) rose, shrugging off early declines, as investors digested quarterly results that included a 9% drop in quarterly sales and narrowing losses.
The stock was recently up a bit more than 6%. For the latest quarter:
Net sales were $1.08 billion, down from $1.19 billion a year earlier, GameStop said late Wednesday.
Net loss was $3.1 million, versus a $94.7 million loss a year ago. Selling, general and administrative costs fell 24%.
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