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GameStop is sinking after the company said it won't issue annual earnings guidance (GME) | Markets Insider

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GameStop is sinking after the company said it won't issue annual earnings guidance

shares plunged 13% in pre-market trading on Wednesday after the company's fourth-quarter earnings results fell short of analysts' estimates the evening prior. GameStop also said it will not offer annual earnings per share guidance to investors.

Given the planned cost savings and profit improvement initiative and the announcement of a new CEO starting on , the company is not providing annual earnings per share guidance at this time," the company said in a release.Adjusted earnings per share :

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