GameStop (NYSE:GME) Results Could Fall Short of Expectations

GameStop (NYSE:GME) could disappoint shareholders when they give their latest update, as results are very likely to fall short of expectations.

Pacific Crest noted, “Video game sales have been weak for two years, and this holiday was no different. We estimate that U.S. software sales declined over 10% year over year in December, and that hardware sales also declined.”

Revenue is estimated to come in at $3.68 billion for the fourth quarter with earnings topping out at $1.53 a share, according to Pacific. That would be below the $3.72 billion and $1.56 the Street is looking for.

GameStop closed Wednesday at $21.89, dropping $0.61, or 2.71 percent.