Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced second-quarter 2023 results Monday after the closing bell, reporting strong revenue growth.
Second-quarter revenues rose 63% annually to $1.40 billion from $858.2 million in the corresponding period of 2022 but fell short of analysts’ estimates. Net bookings moved up 53% to around $1.5 billion.
Meanwhile, the company incurred a loss of $257 million or $1.54 per share in the September quarter, compared to a profit of $10.2 million or $0.09 per share in the prior-year quarter. Analysts had predicted net income for the latest quarter.
Check this space to read management/analysts’ comments on Take-Two’s Q2 2023 results
The company’s stock closed Monday’s regular trading lower and continued to lose the extended session after the earnings announcement.
Stocks you may like:
The performance of Broadcom, Inc. (NASDAQ: AVGO) has been impressive in the last few years -- a period of high uncertainty -- as the successful business model helped it remain
Shares of Delta Air Lines Inc. (NYSE: DAL) were down 2% on Monday. The stock has dropped 12% year-to-date. The company delivered double-digit revenue growth for its most recent quarter
Autodesk, Inc. (NASDAQ: ADSK) is a market leader in computer-assisted design software, catering mainly to the architecture, engineering, construction, and manufacturing sectors with its mission-critical solutions. The company, which is