Take-Two Interactive Software

nach EA nun auch TTWO...

Technology | Multimedia & Graphics Software | USA
What happened
Shares of video game developer and publisher Take-Two Interactive (NASDAQ: TTWO) slumped on Wednesday after the company reported its fiscal third-quarter results. Revenue and earnings exploded thanks to Red Dead Redemption 2, but concerns about a changing video game industry may have been too much to overcome. The stock was down about 13.3% at 12:55 p.m. EST.

So what
Take-Two reported third-quarter revenue of $1.25 billion, up 160% year over year. Net bookings were $1.57 billion, up 140% year over year and about $50 million ahead of the average analyst estimate. Digitally delivered net revenue more than doubled to $594.7 million, accounting for nearly half of total revenue. Earnings per share was $1.57, up from $0.21 in the prior-year period. The bottom line benefited from the release of valuation allowances related to deferred tax assets.

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Now what

While Take-Two's results were positive, investors may be concerned about the company's ability to adapt to a changing video game industry. Free-to-play games like Fortnite have become extremely popular, and this trend could threaten Take-Two's dependence on blockbuster games to drive growth.

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https://finance.yahoo.com/news/why-share...00237.html

Take-Two Interactive (TTWO) Surpasses Q4 Earnings Estimates

Take-Two Interactive (TTWO) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 11.69%. A quarter ago, it was expected that this publisher of "Grand Theft Auto" and other video games would post earnings of $2.75 per share when it actually produced earnings of $4.05, delivering a surprise of 47.27%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Take-Two, which belongs to the Zacks Toys - Games - Hobbies industry, posted revenues of $488.41 million for the quarter ended March 2019, missing the Zacks Consensus Estimate by 3.66%. This compares to year-ago revenues of $411.37 million. The company has topped consensus revenue estimates three times over the last four quarters.

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https://finance.yahoo.com/news/two-inter...09569.html