Take-Two Interactive Posts Top And Bottomline Misses, YoY Net Bookings Decrease, Issues Guidance
Portfolio Pulse from Ryan Gustafson
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reported Q2 financial results with a decrease in net bookings and revenue, missing estimates. The company posted an earnings loss of $3.20 per share, missing estimates by $2.17. However, the company reiterated its 2024 Net Bookings outlook and estimated Q3 Net Bookings to be between $1.30 billion and $1.35 billion. Shares of TTWO were up 1.41% in the after-hours session.
November 08, 2023 | 10:51 pm
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Take-Two Interactive reported a decrease in net bookings and revenue, missing estimates. However, the company reiterated its 2024 outlook and estimated Q3 Net Bookings to be between $1.30 billion and $1.35 billion. Shares of TTWO were up 1.41% in the after-hours session.
Take-Two Interactive reported a decrease in net bookings and revenue, missing estimates, which could negatively impact the stock. However, the company reiterated its 2024 outlook and estimated Q3 Net Bookings to be between $1.30 billion and $1.35 billion, which could provide some stability. Additionally, the stock was up 1.41% in the after-hours session, indicating a positive market reaction despite the earnings miss.
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