Take-Two’s Earnings Beat Forecasts. Why the Stock Is Down.

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Take-Two’s Earnings Beat Forecasts. Why the Stock Is Down.

Barrons2021-08-03

Take-Two Interactive Software has started to feel the effects of a reopening economy in the U.S. and elsewhere, its fiscal first-quarter earnings show. The results, disclosed Monday evening, were ...

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yteaaron88
·2021-08-03
Cool
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Chibichibi
·2021-08-03
Pls like this post. Thanks!
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- jo88:
  ok
  2021-08-03
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- tinggie:
  y
  2021-08-03
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carchoo
·2021-08-03
Cool
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- Dcpaddidog:
  Yeah
  2021-08-03
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Why the Stock Is Down.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 15:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/take-two-videogame-earnings-stock-51627942730?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Take-Two Interactive Software has started to feel the effects of a reopening economy in the U.S. and elsewhere, its fiscal first-quarter earnings show.\nThe results, disclosed Monday evening, were ...</p>\n\n<a href=\"https://www.barrons.com/articles/take-two-videogame-earnings-stock-51627942730?mod=hp_LEADSUPP_2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TTWO","symbol_name":"Take-Two Interactive Software","start_time":0,"source_url":"https://www.barrons.com/articles/take-two-videogame-earnings-stock-51627942730?mod=hp_LEADSUPP_2","article_id":"1141143080","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141143080","pubTimestamp":1627976470,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Take-Two Interactive Software has started to feel the effects of a reopening economy in the U.S. and","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TTWO":"Take-Two Interactive Software"},"translate_title":"Take-Two的收益超过了预期。为什么股票下跌。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTWO":0.9},"content_text":"Take-Two Interactive Software has started to feel the effects of a reopening economy in the U.S. and elsewhere, its fiscal first-quarter earnings show.\nThe results, disclosed Monday evening, were better than expected in terms of both earnings and revenue, but management’s forecasts for bookings in the current quarter weren’t as upbeat as Wall Street expected. 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Analysts and investors havepredicted that the figures will show people are playing fewer gamesbecause more forms of entertainment are available outside of people’s homes.\nThe company said that its net bookings were led byGrand Theft Auto VandGrand Theft Auto Online, and itsNBA 2Kfranchise, among others. Recurring purchasing, which includes virtual currency, add-ons for games, and in-game purchases accounted for 69% of net bookings. Though recurring purchasing declined 25% from a year ago, the drop was less than the 30% executives had anticipated.\n\n“It’s always hard to describe something as down as good news, but it certainly is better news than our expectations,” Chief Executive Strauss Zelnick said.\nFor the fiscal second quarter, Take-Two expects earnings to fall in in a range with a midpoint of 40 cents a share. The midpoints of the forecasted ranges for revenue and net bookings are $765 million and $840 million, respectively. 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Thanks!","listText":"Pls like this post. Thanks!","text":"Pls like this post. Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804478179","repostId":1141143080,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5412435,"gmtCreate":1627977891054,"gmtModify":1663231863130,"authorId":3555382377663213,"author":{"id":3555382377663213,"idStr":"3555382377663213","authorId":3555382377663213,"name":"jo88","avatar":"https://static.tigerbbs.com/3f3f7cfe71e85f286a9274876c16ebf2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804478179,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":5413093,"gmtCreate":1627982019506,"gmtModify":1635161197316,"authorId":3579765510985887,"author":{"id":3579765510985887,"idStr":"3579765510985887","authorId":3579765510985887,"name":"tinggie","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804478179,"type":1,"supId":5412435,"prevId":0,"content":"<u>y</u>","text":"<u>y</u>","html":"<u>y</u>"}],"langContent":"EN"},{"id":804479268,"gmtCreate":1627976574154,"gmtModify":1703498946831,"author":{"id":"3569485137179617","authorId":"3569485137179617","name":"carchoo","avatar":"https://static.tigerbbs.com/3321d05dd84c0832a063600962a1c079","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3569485137179617","idStr":"3569485137179617"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/804479268","repostId":1141143080,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5412281,"gmtCreate":1627976585719,"gmtModify":1663231862938,"authorId":3578291713877073,"author":{"id":3578291713877073,"idStr":"3578291713877073","authorId":3578291713877073,"name":"Dcpaddidog","avatar":"https://static.tigerbbs.com/838ef3e9703e900f1483df6add6f47ca","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804479268,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":31,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}