GameStop forecasts surprise first-quarter loss, shares fall

Shares of the company fell 7.52 percent to $9.34 in extended trading after GameStop also reported quarterly revenue below analysts' estimates.GameStop has struggled in the face of a changing retail landscape and in March named retail industry veteran George Sherman chief executive officer, its fifth CEO in just over a year.For the latest quarter, GameStop posted adjusted earnings of $1.60 per share, scraping past analysts' estimates of $1.58 per share.