Video-game retailer GameStop reports 25.7% fall in quarterly sales

GameStop Corp reported a 25.7% fall in third-quarter sales on Tuesday, hit by lower console sales ahead of the new console launches in 2020, and cut its full-year profit forecast. The company's shares fell 15% in extended trading.

GameStop now sees its full-year earnings per share forecast in the range of 10 cents to 20 cents, from an earlier forecast of $1.15 to $1.30. Net sales fell to $1.44 billion from $1.94 billion.