GameStop's stock surged ahead of its fourth-quarter earnings report, with a 13% increase and significant short interest. However, after reporting lower-than-expected earnings and revenue, the stock plummeted by 18% in after-hours trading. The company missed revenue estimates, posting $1.79 billion compared to an expected $2.05 billion, and an EPS of $0.22 versus an estimated $0.30. GameStop also announced job cuts amid declining sales and competition from e-commerce, leading to a sharp decline in quarterly sales and a stock price drop of over 15%.