Shares down 14% premarket (Il Sole 24 Ore Radiocor) - New York, 07 Jun - Videogame retailer GameStop said its net loss for the first quarter ended May 4 was 32.3 million dollars, or 0.11 dollars per share, compared to a net loss of 50.5 million in the same period last year, or 0.17 dollars per share. Its adjusted loss in the period was 0.12 dollars per share.

Net sales in the quarter were 882 million dollars compared to 1.237 billion the year before, it said.

The stock has been the object of speculation after investor Keith Gill, also known as Roaring Kitty, signalled he had built a 116 million dollar stake in the company as well as a big options bet.

Gill, also known as "Roaring Kitty," has scheduled a livestream video on YouTube for today.

Shares were down 14% in volatile premarket trade.

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(RADIOCOR) 07-06-24 14:21:36 (0381) 5 NNNN