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Take-Two Guidance Falls Short Following Mixed Q3 Results -Breaking

by Mike Robinson

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© Reuters.

By Yasin Ebrahim

After reporting mixed results for the fiscal third quarter, Investing.com’s Take-Two provided quarterly guidance. Revenue was affected by lower-than-expected net book bookings. 

Take-Two Interactive After-hours, Software (NASDAQ: ) fell 3% following the report.  

Comparing with expectations for $1.12 EPS on $868.4M revenue, the Q4 company EPS was $1.24.

Net Bookings, which is the total amount of services and products sold online or in person, increased 6% to $866.1M.

On revenue between $835M and $885M, the company was expecting EPS to range from $0.46 to $0.56 in Q4. This is compared to Wall Street expectations for an EPS of $0.57 on $924.3M revenue.

For fiscal 2022 the company forecasts bookings of between $3.37B and $3.42B. That’s up from $3.3B or $3.4B before. 

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