GameStop Q3 Sales Fall Short of Expectations Amid Revenue Declines 📉

GameStop's third-quarter net sales fell short of expectations and declined compared to the same period last year. Segment revenues for hardware, software, and collectibles decreased compared to the previous year. GameStop completed an at-the-market equity offering program in the third quarter, generating approximately $400 million in gross proceeds. The company stated it did not plan any additional at-the-market stock offerings during the current fiscal year and skipped a conference call for the quarter. Shares rose over 1%.