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Stocks moving in after hours: GameStop, Dave & Buster's, American Eagle Outfitters

Yahoo Finance Live's Seana Smith breaks down the action certain trending stocks are seeing in the after-hours trading session.

Video Transcript

SEANA SMITH: All right, let's get to some afterhours movers here. Three stocks that we are watching, and they are on the move. GameStop up just almost 10% right now. The company out with earnings. This pop after hours, though, has nothing to do with the actual results that we're getting from the company. Again, shares up just around 9.9%. The big reason that we're seeing the pop after hours is a new partnership with FTX. The company saying that it's intended to introduce more of GameStop customers to FTX's community.

Now part of the deal, GameStop is going to carry FTX gift cards in select stores. For the numbers for the quarter, it doesn't look good for GameStop. Earnings missed, adjusted loss per share of $0.36, a wider loss than what the Street was expecting. Sales also coming in a bit light at $1.14 billion. That's down 4% year over year. It's been a tough go for GameStop. Year to date, shares off just around 35%. We can see all of the volatility because it is a very popular meme stock. Over the past year, shares off 51%.

Let's take a look at Dave & Buster's. That stock moving to the downside after hours. And that has to do with the fact that EPS missed, and it missed big. The company reporting $0.59 per share EPS. During its most recent quarter, the Street was looking for $1.02. Revenue, though, it did beat. It's up 24% year over year. The company noting, quote, "substantial headwinds" the quarter from wage and commodity inflation.

Taking a look at the stock, let's start with the last month, because shares have actually been moving to the upside, up just about 12%. In the past six months, we have also seen gains, with shares up 26%. But over the last month or so, it has been a little bit of a challenging time here for the company.

Let's wrap it up with American Eagle, another retailer here struggling as consumers face high inflation. Also those larger inventory numbers. You can see American Eagle off nearly 14% after hours. Earnings missed estimates. They're pausing their quarterly dividend. They also mentioned the fact that things haven't improved much for the current quarter. American Eagle saying that demand trends remain difficult quarter to date. In the past six months, the stock has been under tremendous amount of pressure, off just about 30%, again falling an additional 11% or so here after hours.

DAVE BRIGGS: OK, not the stock, but the place. Do you like Dave & Buster's?

SEANA SMITH: I love it. I haven't been, though, in years.

DAVE BRIGGS: Oh, my goodness.

SEANA SMITH: So I'm not helping.

DAVE BRIGGS: Love me some Dave & Buster's. Hang out there all night if I could.

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