Shares of the video game and consumer electronics company, GameStop, got crushed today after the company released sales figures that missed analysts’ expectations. The pandemic was largely seen as a tailwind for the consumer electronics and video gaming industry, as more people stay home and spend more time with TV and videogames.
Perhaps for that reason, analyst expectations for GameStop revenues were too inflated, and the street did not take well to the CEOs comments about the pandemic straining sales. In the A.I.-powered analysis below, A.I.dvisor compares GameStop with gaming company Activision Blizzard Inc.