(AOF) – The American video game distributor GameStop is expected to be in the red on Wall Street due to disappointing revenues. In the third quarter, it reported a loss of $3.1 million, or -1 cent per share, compared to a loss of $94.7 million, or 31 cents per share, a year earlier. Analysts on average expected a loss of 9 cents per share. Sales declined to $1.078 billion from about $1.186 billion in the comparable period last year. Wall Street was targeting $1.18 billion.
Cash, cash equivalents and marketable securities totaled $1.21 billion at the end of the quarter.
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