GameStop stock extends sharp bounce off 2-year low ahead of earnings report

Shares of GameStop Corp. GME ran up 6.0% in afternoon trading Tuesday, and have hiked up 12.0% in the four days since they closed at a two-year low, ahead of the consumer electronics retailer’s earnings report, which is due out after the close. The average estimates of analysts surveyed by FactSet are for fiscal fourth-quarter per-share losses to narrow to 13 cents from 47 cents and for sales to fall 3.3% to $2.18 billion.

0% in afternoon trading Tuesday, and have hiked up 12.0% in the four days since they closed at a two-year low, ahead of the consumer electronics retailer’s earnings report, which is due out after the close. The average estimates of analysts surveyed by FactSet are for fiscal fourth-quarter per-share losses to narrow to 13 cents from 47 cents and for sales to fall 3.3% to $2.18 billion.

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