CORRECTION: Take-Two Interactive Q4 Adj EPS $0.28 Beats $0.09 Estimate, Sales $1.35B Beat $1.30B Estimate
Portfolio Pulse from Benzinga Newsdesk
Take-Two Interactive (NASDAQ:TTWO) reported Q4 earnings of $0.28 per share, significantly beating the analyst estimate of $0.09. Sales were $1.35 billion, also surpassing the $1.30 billion estimate. However, both earnings and sales were down compared to the same period last year.
May 16, 2024 | 8:25 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Take-Two Interactive reported Q4 earnings of $0.28 per share, beating the analyst estimate of $0.09. Sales were $1.35 billion, surpassing the $1.30 billion estimate. Despite the beats, both earnings and sales were down compared to the same period last year.
The significant beat on both earnings and sales estimates is likely to have a positive short-term impact on the stock price. However, the year-over-year decline in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100