Take-Two Guidance Falls Short Following Mixed Q3 Results By Investing.com
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By Yasin Ebrahim
Investing.com – 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.
Take-Two Interactive Software (NASDAQ 🙂 was down 3% after-hours following the report.
The company 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 to 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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