Take Two Interactive Software stock took a tumble after it announced disappointing earnings, missing EPS by $0.07 and missing on top line after the close Monday. TTWO also guided FY23 EPS and net bookings below consensus. However, from bring down at a low of $106.31 the stock soared to a high of $115.21 and closed up just under 8%. The bounce came from a look past the earnings picture towards the future “highlighted a FY2023-’25 line-up that features 87 games, … Continue reading “Take Two Stock Bounces on Developemnt Pipeline Including Grand Theft Auto VI.”
Take Two Stock Falls 15% After Cuts Guidance as it Digests Zynga Merger
Take Two Interactive Software stock took a tumble after it announced disappointing second-quarter 2023 results Monday after the closing bell. $TTWO traded at $90.55▼ 17.85 or 16.47% after hours at a new 52 week low. TTWO incurred a loss of $257 million or $1.54 per share in the September quarter, compared to a profit of $10.2 million or $0.09 per share in the prior-year quarter. Clearly the lofty premium the gaming company paid for Zynga is still impacting. The two companies merged … Continue reading “Take Two Stock Falls 15% After Cuts Guidance as it Digests Zynga Merger”
Gaming Heavyweight Take-Two Impacted by Zynga Acquisition, Bearish FY23 guidance
Video game publisher Take-Two Interactive Software reported announced first-quarter 2023 results Monday after the closing bell, reporting a 36% revenue growth. TTWO missed by $1.61, missed on revenues. The gaming giant guided Q2 EPS and revenues below consensus; guided FY23 EPS and revenue below consensus. The Zynga acquisition impacted earnings and guidance, with nearly $117 million in business acquisition costs driving the bottom line into the red. TAKE-TWO INTERACTIVE SOFTWARE, INC – NASDAQ: TTWO Earnings Take Two First-quarter revenues rose … Continue reading “Gaming Heavyweight Take-Two Impacted by Zynga Acquisition, Bearish FY23 guidance”