US Stock Market Move | Q3 performance below expectations, GameStop Corp. Class A (GME.US) falls over 5% before the market opens.

On Wednesday, GameStop Corp. Class A (GME.US) fell more than 5% in pre-market trading, trading at $21.93. In terms of news, the company announced its third quarter performance, with total revenue of $821 million, a decrease of about 4.5% year-on-year, lower than analysts' expectations of $987 million; earnings per share were $0.13, also lower than the expected $0.18. Hardware and accessory revenue decreased by nearly 12% to $367 million compared to the same period last year, software revenue dropped by over 27% to $198 million, and collectibles revenue increased by nearly 50% to $256 million year-on-year.