Take-Two Shares Fell Over 2% in Premarket Trading

Tiger Newspress2022-02-08

Take-Two Shares fell over 2% premarket as Q4 revenue view fell short of estimates on thin games lineup.

Take-Two delivered quarterly guidance that fell short of estimates after reporting mixed fiscal third-quarter results as revenue was weighed down by softer-than-expected net bookings.

The company reported Q4 EPS of $1.24 on revenue of $886.1M, compared with estimates for EPS of $1.12 on revenue of $868.4M.

Net Bookings - the net amount of products and services sold digitally or sold-in physically - grew 6% to $866.1M.

For Q4, the company expected EPS of $0.46 to $0.56 on revenue of $835M to $885M. That compared with Wall Street estimates for EPS of $0.57 on revenue of $924.3M.

Looking ahead to fiscal 2022, the company guided bookings in a range of $3.37B to $3.42B, up from $3.3B to $3.4B previously.

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Comments

rachellll
2022-02-08
rachellll
A
och
2022-02-08
och
Like
Shangz
2022-02-08
Shangz
^^
Ajay29
2022-02-08
Ajay29
Nice article
ohmytiannn
2022-02-08
ohmytiannn
Ok
Mashchomp
2022-02-08
Mashchomp
Like please

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