$GameStop (GME.US)$According to the first quarter results announced, the estimated sales volume is between US$872 million and US$892 million, lower than the market's general forecast of US$1.05 billion and US$1,237 million for the same period last year; net loss is expected to be between US$27 million and US$37 million, with a net loss of US$50.5 million for the same period last year. Additionally, GameStop has filed documents with the US Securities and Exchange Commission (SEC) to sell up to 45 million common shares. The company plans to use the net proceeds from this offering for general corporate purposes, which may include acquisitions and investments. Affected by this news, GameStop fell about 20% before the market on Friday as of press release.

GameStop also estimates that sales, general, and administrative expenses for the first quarter will be between US$290 million and US$300 million, compared to US$345.7 million in the same period last year. The company expects cash positions at the end of the first quarter to be between $1,073 million and $1,093 million.

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