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24H|Circle Drops Another 3% After Sinking 8%; GameStop Sinks 4%; GitLab Plunges 12%

Tiger Newspress06-11

Circle shares dropped another 2.8% in overnight trading after sinking 8.1% on Tuesday. CNBC’s Jim Cramer on Monday said Circle stock was ‘too hot’ to buy up here.

Videogame retailer GameStop reported a decline in first-quarter revenue on Tuesday as customers increasingly opted for digital downloads over purchases at its brick-and-mortar stores, sending its shares down 4% in overnight trading.

GitLab shares plunged 12.1% in overnight trading despite the DevSecOps platform provider beating first quarter earnings expectations, as investors focused on disappointing revenue guidance for the upcoming quarter.

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  • Jammyballs
    ·06-11
    Actually, GameStop's revenue predictably declined due to closure of unprofitable stores. It had major improvements in free cash flow, ebitda etc. Basically all metrices aside from revenue improved and beat EPS by 110%. GameStop's transformation is not focused on video game sales, instead they saw double revenue from collectables compared to q1 2024.  GameStop has over $6b cash on hand and zero debt.  Rubbish AI do your own research [Love]  
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    • Greendoge
      it was bad enough to be removed
      06-12
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    • quote
      agreed fully with everything u said. However, algo love trading on negative news aka drop in revenue
      06-11
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