09:21 AM EDT, 03/27/2024 (MT Newswires) -- (Updates with the headcount reduction in the fifth paragraph and the latest stock movement in the last paragraph.)

GameStop ( GME ) on Tuesday reported fiscal Q4 adjusted EPS of $0.22 per diluted share, up from $0.16 a year earlier.

Two analysts surveyed by Capital IQ expected $0.30.

Net sales for the quarter ended Feb. 3 were $1.79 billion, down from $2.23 billion a year earlier.

Analysts polled by Capital IQ expected $2.05 billion.

Separately, the company said in a regulatory filing Tuesday it recently took cost-cutting measures including headcount elimination to enhance operational efficiency.

Shares of the company were down 15% in recent Tuesday premarket activity.

Price: 13.18, Change: -2.32, Percent Change: -14.97