Take-Two Earnings, Revenue Miss in Q2

Take-Two Earnings, Revenue Miss in Q2

Investing.com  | Nov 06, 2020 08:23

Take-Two Earnings, Revenue Miss in Q2

Investing.com - Take-Two (NASDAQ:TTWO) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Take-Two announced earnings per share of $0.86 on revenue of $841 million. Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $851 million..

Take-Two shares are up 37.89% from the beginning of the year, still down 6.52% from its 52-week high of $180.60 set on August 4. They are broadly in line with the Nasdaq 100 which is up 38.3% from the start of the year.

Net bookings, or the amount of products and services sold, rose to $957.5 million from $950.5 million last year. That includes licensing fees, merchandise, in-game advertising, strategy guides and publisher incentives.

Take-Two follows other major Technology sector earnings this month

Take-Two's report follows an earnings beat by Apple on October 29, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.71 on revenue of $63.8B.

Microsoft had beat expectations on October 27 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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