What's Going On With Take-Two Interactive Stock Friday?
Portfolio Pulse from Nabaparna Bhattacharya
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares are trading lower premarket after the company released its fourth-quarter financial results and provided an initial outlook for fiscal 2025. The company announced a release date of fall 2025 for Grand Theft Auto VI, leading to a reduction in its bookings forecast for the current fiscal year. The company's fourth-quarter bookings decreased by 3% to $1.35 billion, and net bookings from recurrent consumer spending decreased by 2%. TTWO shares are down 2.45% to $142.50 premarket.
May 17, 2024 | 11:47 am
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Take-Two Interactive's shares are trading lower premarket after the company released its Q4 financial results and provided a reduced outlook for fiscal 2025. The delay in the release of Grand Theft Auto VI to fall 2025 has led to a reduction in the bookings forecast for the current fiscal year.
The delay in the release of Grand Theft Auto VI, a highly anticipated game, has led to a reduction in the bookings forecast for the current fiscal year. This has negatively impacted investor sentiment, causing the stock to trade lower premarket.
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IMPORTANCE 90
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