GameStop shares fall as sales of new software, wireless devices lag

May 28, 2017 at 5:32AM
In this Monday, May 22, 2017, photo, a gift box from Tiffany & Co. is arranged for a photo in Surfside, Fla. Tiffany & Co. reports earnings, Wednesday, May 24, 2017. (AP Photo/Wilfredo Lee)
Weak spending by tourists in its Americas region forced Tiffany & Co. stock lower last week. (The Minnesota Star Tribune)

Game over: GameStop's stock dropped 6 percent to $22.22 Friday after the company said sales of new software and wireless devices were weaker than investors expected in the first quarter, a period when overall results were stronger than expected.

Good numbers: Tax preparation company Intuit jumped 7.7 percent to $139.17 Wednesday after beating analysts' forecasts for earnings and raised its full-year profit estimate as its discount program for freelance workers showed signs of paying off. Shares closed the week at $138.56.

Upbeat outlook: Agilent Technologies saw shares rise 4.6 percent to $58.66 Tuesday after the scientific instrument maker raised its annual profit forecast following a better-than-expected second-quarter profit and sales report. The shares closed the week at $59.51.

Falling short: Jewelry seller Tiffany slumped 8 percent to $85.65 Wednesday after its quarterly results fell short of forecasts due in part to a decline in spending by tourists in its Americas region. Shares closed Friday at $86.18.

Sluggish: Auto parts retailer AutoZone dropped 12 percent to $581.40 Tuesday after its quarterly results showed a decline in domestic same-store sales. The stock rebounded a bit to close Friday at $615.62.

Big hit: Video game publisher Take-Two Interactive Software jumped 5.5 percent to $72.83 Tuesday after its fourth-quarter profit and sales surpassed analysts' expectations. The company's games include "Grand Theft Auto" "NBA2K" and "Sid Meier's Civilization." Shares closed Friday at $77.07.

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In this image from video, presiding officer Supreme Court Chief Justice John Roberts speaks during the impeachment trial against President Donald Trump in the Senate at the U.S. Capitol in Washington, Tuesday, Jan. 21, 2020. (Senate Television via AP)