GameStop Is Biggest Decliner in S&P 500 After Forecast Change

  • Retailer's shares drop to lowest intraday since March 2013
  • Q4 forecast range of EPS $2.19-$2.25, below estimates

GameStop Corp. had the biggest stock decline in the Standard & Poor’s 500 Index after narrowing its earnings forecasts for the holiday-season quarter to a range that’s below analysts’ estimates.

The largest video-game specialty retailer in the U.S. now sees earnings per share of $2.19 to $2.25 in the fourth quarter ending Jan. 31, versus a previous range of $2.12 to $2.32. Analysts anticipated $2.26, the average of predictions compiled by Bloomberg.

The shares dropped 9.1 percent to $26.72 at 9:50 a.m. in New York.

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