GameStop Corp. is eliminating its dividend after profit fell in the first quarter amid declining videogame sales. The Grapevine, Texas-based videogame retailer said first-quarter net income fell to $6.8 million, or 7 cents a share, from $28.2 million, or 28 cents a share, a year ago. Analysts polled by FactSet were expecting earnings of 2 cents a share. GameStop’s...

Source: Wall Street Journal June 04, 2019 21:22 UTC