Take-Two Interactive Q1 Adj $0.27 Misses $0.37 Estimate, Sales $1.20B Inline
Portfolio Pulse from Benzinga Newsdesk
Take-Two Interactive reported Q1 earnings of $0.27 per share, missing the analyst consensus estimate of $0.37 by 27.03%. This is a 61.97% decrease from the same period last year. However, the company's quarterly sales of $1.20 billion met the analyst consensus estimate, marking a 19.84% increase from the previous year.
August 08, 2023 | 8:42 pm
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NEGATIVE IMPACT
Take-Two Interactive's Q1 earnings missed analyst estimates by 27.03%, a significant decrease from the previous year. However, sales met estimates and showed a YoY increase.
Take-Two Interactive's earnings miss could negatively impact investor sentiment and potentially lead to a short-term decrease in the company's stock price. However, the fact that sales met estimates and showed a YoY increase could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100