GameStop says client director Frank Hamlin will resign after March 31 transition period

GameStop Corp. Video Game Distributor GME,
-2.89%
said Tuesday that Frank M. Hamlin, its director of clients, will leave the company after a transition period ending March 31. GameStop announced the news in a regulatory document. The company is scheduled to report fourth-quarter earnings after the bell on Tuesday, its first since a Reddit-fueled rally that brought the stock up more than 1.641% in just a few days in January as traders used social media platforms and tax-free apps. like Robinhood to unite with each other to create a short squeeze. GameStop is expected to report earnings per share of $ 1.35, or $ 88 million, on revenue of $ 2.211 billion for the fourth quarter, according to the consensus estimates of six analysts surveyed by FactSet. These estimates have been steadily declining since October, when consensus estimates projected $ 1.80 EPS for $ 2.52 billion in fourth-quarter revenue. Shares have fallen 0.1% premarket, but have gained 932% so far this year, while the S&P 500 SPX,
+ 0.70%
gained 7%.

.Source