GameStop Corp. GME shares are getting crushed after reporting a mixed first-quarter report on Tuesday.
Adjusted earnings came in at 7 cents per share, beating estimates by 10 cents. Sales came in at $1.55 billion, missing estimates by $90 million. The company sees FY2019 comparable store sales down 5-10 percent.
The company's boarded eliminated its quarterly dividend.
GameStop shares fell 8.4 percent to $7.16 at time of publication in after-hours trading. Shares are down 38 percent in 2019.
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