Take-Two Guidance Falls Short Following Mixed Q3 Results
Investing.com
Published Feb 07, 2022 04:25PM ET
Updated Feb 07, 2022 04:46PM ET
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:TTWO) was down 3% after-hours following the report.
The company reported 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 with 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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