Leading video game publisher Take-Two Interactive Software, Inc. (NASDAQ: TTWO) is all set to report its first-quarter 2024 financial results today after the bell.
Listen to Take-Two Interactive’s Q1 2024 earnings call live and read the real-time transcript
The tech firm’s management had forecast net revenues in the range of $1.21 billion to $1.26 billion for the June quarter. Wall Street analysts have projected revenues at the lower end of the company’s guidance range, which represents a 21% decline from the prior-year period.
The company predicted a loss per share between $1.05 and $0.95 for the first quarter. Analysts’ consensus estimate is for earnings of $0.42 per share, compared to $0.74 per share in the first quarter of 2023.
In the fourth quarter of 2023, Take-Two Interactive slipped to a loss of $610.3 million or $3.62 per share from a profit of $110.9 million or $0.95 per share in the year-ago quarter. March-quarter revenues, meanwhile jumped 56% year-over-year to $1.45 billion.