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Take-Two Shares Gain 3% Following Q4 Earnings Beat -Breaking

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© Reuters. Follow-Two shares increase 3% after beating the Q4 earnings

Take-Two Interactive Stocks of Software (NASDAQ:), were up 3% after hours following the announcement. EPS was $1.09, which is better than $1.05.

The total net bookings rose 8% to $845.8million, which is less than the $883.62 million consensus estimate. The largest contributors were NBA 2K22 and Grand Theft Auto Online.

Company provided its complete 2023-year outlook. It expects earnings to reach $4.20-$4.45, as opposed the consensus estimate of $5.99. Net bookings will be between $3.75 and 3.85 Billion, rather than the consensus estimate of $4.01B.

Take-Two shares were 38% lower year-to-date in the results.

By Davit Kirakosyan

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