GameStop (GME) missed sales expectations in its second-quarter results released after Tuesday's market close. The gaming retailer also announced plans for an "at-the-market" stock offering of up to 20 million shares, sending shares lower in Wednesday's pre-market trading, sliding lower in regular trading hours.

Morning Brief co-hosts Seana Smith and Brad Smith analyze the takeaways of GameStop's earnings contributing to the stock's decline.

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This post was written by Angel Smith