Take-Two Q2 Reports miss Analysts’ Forecast

Take-Two Q2 reports miss analysts’ forecast

On Thursday, Take-Two, the US-based video game organisation, posted its Q2 results which missed the experts’ prediction. The firm posted an earnings per share of $0.86 and $841 Million revenue as compared to the forecasted $1.47 EPS and $851M.

The venture’s number of bookings surged to $957.5M while the same was $950.5M last year, which includes licensing fees, publisher incentives, strategy guide, merchandise, and in-game advertising.

Further, Take-Two stocks are already 37.89% high since the start of the year, but still 6.52% below from its 52-week high point set on Aug 4. The firm is aligning the growth rate of NASDAQ 100, which is 38.3% high from the beginning of the year.

The firm broke the tech giant Microsoft footsteps, which on Oct 27 beat the predictions, posted its Q1 revenue of $37.15 billion and EPS of $1.82 while the expected $35.7 billion revenue and EPS of $1.54.

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