GameStop shares fall after it files to sell securities, says first quarter sales declined

This is breaking news. Please check back for updates.Shares of GameStop tumbled 10% in premarket trading Friday after the video game retailer said it plans to sell securities and reported preliminary results that showed a sales decline in the first quarter.The firm said it now expects net sales to be in the range of $872 million to $892 million, down from compared to $1.237 billion in the same quarter last year. The brick-and-mortar video game company has been grappling with stiff competition from e-commerc ...