Stock Groups

Take-Two Reports Mixed Quarterly Results as Q4 Earnings Miss Estimates -Breaking

[ad_1]

© Reuters

By Yasin Ebrahim

Investing.com. Take-Two announced Monday mixed quarterly results. While earnings were not reported, revenue was higher than Wall Street’s estimates. 

Take-Two Interactive Software (NASDAQ 🙂 was unchanged after the report.

The company’s EPS was $0.95 and it missed estimates of $1.01 while revenues of $930million were higher than expected at $883.3 million.

Net Bookings – the net amount of products and services sold digitally or sold-in physically – grew 8% to $845.8 million.

The largest contributors to net bookings were NBA 2K22; Grand Theft Auto Online and Grand Theft Auto V; Tiny Tina’s Wonderlands; WWE 2K22; Red Dead Redemption 2 and Red Dead Online; Top Eleven; Two Dots; and Grand Theft Auto: The Trilogy – The Definitive Edition, the company said. 

For fiscal Q2, the company expected EPS in a range of $0.80 to $0.90 a share on revenue of $810 million to $860 million. The company expected net bookings to be between $700 and $750 millions. That compared with estimates for EPS of $0.94 on revenue of $809.8.

Looking ahead to fiscal 2023, the company guided EPS in a range of $1.90 to $2.15 on revenue of $3.67 to $3.77 billion.

[ad_2]