Take-Two Interactive Software Stock Jumps On Q2 Earnings: What Investors Need To Know
Portfolio Pulse from Adam Eckert
Take-Two Interactive Software Inc (NASDAQ:TTWO) reported its fiscal first-quarter results, showing a 4% year-over-year increase in revenue to $1.34 billion and a 1% increase in net bookings to $1.22 billion. Despite a net loss of $1.52 per share, the company reiterated its full-year net bookings outlook and provided guidance for the second quarter and full year. The stock jumped 5.35% following the announcement.
August 08, 2024 | 9:40 pm
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Take-Two Interactive reported a 4% increase in Q1 revenue and a 1% increase in net bookings. Despite a net loss of $1.52 per share, the company reiterated its full-year outlook and provided positive guidance for the future. The stock rose 5.35% following the announcement.
The 4% increase in revenue and 1% increase in net bookings indicate solid performance. Despite the net loss, the company's positive outlook and guidance for the future have boosted investor confidence, leading to a 5.35% increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100