GameStop Corp on Tuesday reported a 13.3% fall in quarterly revenue that missed ...
FILE PHOTO: The GameStop store sign is seen at its shop in Westminster, Colorado January 14, 2014. REUTERS/Rick Wilking
The company said it would stop its quarterly dividend, effective immediately, to save about $157 million per annum.New hardware sales plunged 35%, with an increase in Nintendo Switch sales more than offset by a decline in Microsoft Corp’s Xbox One and Sony Corp’s PlayStation 4 console sales, GameStop said.
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