US Stock Market Movement | Meme stocks decline, GameStop drops more than 15% after financial report
On Wednesday, meme stocks fell. As of the time of publication, GameStop dropped more than 15%, closing at $19.72; AMC Theatres fell more than 3%, closing at $4.795; BlackBerry fell 0.21%, closing at $2.375. GameStop's sales have declined for the fourth consecutive quarter, with the company's second-quarter revenue as of August 3 down 31% year-on-year to $798 million, below market expectations of $896 million; net profit was $14.8 million, compared to a loss of $2.8 million in the same period last year; earnings per share were $0.01, while the market had expected a loss of $0.09 per share
According to the Zhitong Finance and Economics APP, on Wednesday, meme stocks fell. As of the time of publication, GameStop (GME.US) fell by over 15% to $19.72; AMC Theatres (AMC.US) fell by over 3% to $4.795; BlackBerry (BB.US) fell by 0.21% to $2.375. GameStop's sales have declined for the fourth consecutive quarter, with the company's second-quarter revenue as of August 3 down 31% year-on-year to $798 million, below the market's expectation of $896 million; net profit was $14.8 million, compared to a loss of $2.8 million in the same period last year; earnings per share were $0.01, while the market expected a loss of $0.09 per share