GameStop Corp. GME’s video game retailer,
said Tuesday that its chief executive Frank M. Hamlin will leave the company after a transition period ending March 31. GameStop announced the news in a regulatory dossier. The company is expected to report fourth-quarter earnings on Tuesday, the first since a Reddit-driven rally that boosted the stock by more than 1,641% in just a few days in January. applications like Robinhood to egg each other to create a short print. GameStop is expected to report earnings per share of $ 1.35, or $ 88 million, on $ 2.211 billion in revenue for the fourth quarter, according to the consensus estimates of six analysts surveyed by FactSet. These estimates have been steadily declining since October, when consensus estimates in the fourth quarter predicted revenue of $ 1.80 on revenue of $ 2.52 billion. Shares have fallen 0.1% previously, but have risen 932% so far this year, while the S&P 500 SPX,
achieved 7%.
