Categories Earnings, Technology

Take-Two Interactive Software (NASDAQ: TTWO): Q2 2020 Earnings Snapshot

— Take-Two Interactive Software Inc. (NASDAQ: TTWO) reported its second-quarter 2020 GAAP earnings of $0.63 per share versus $1.68 per share expected.

— Revenue jumped by 74% to $857.8 million versus $925.56 million expected. Net Bookings went up 63% to $950.5 million.

Take-Two Interactive Software Q2 2020 Earnings Snapshot

— The top-line was driven by the success of its popular titles NBA 2K20, NBA 2K19, Grand Theft Auto Online, Grand Theft Auto V, Red Dead Redemption 2, Red Dead Online, Social Point’s mobile offerings, WWE SuperCard, and WWE 2K19.

— Looking ahead into the third quarter, revenue is predicted to be $915 million to $965 million versus consensus estimates of $928.14 million. Net Bookings are expected to range from $860 to $910 million.

— The GAAP earnings are anticipated to be in the range of $1.39 to $1.49 per share versus the Street’s view of $1.89 per share for the third quarter.

— For the full year 2020, the company lifted revenue outlook to the range of $2.93-3.03 billion from the prior range of $2.83-2.93 billion, versus the analysts’ forecast of $2.8 billion.

— Net bookings are now expected to be in the range of $2.75 to $2.85 billion compared to the previous estimate range of $2.6 to $2.7 billion for the full year.

— The GAAP earnings guidance is lowered to the range of $3.38 to $3.63 per share from the previous range of $3.71 to $3.96 per share. The consensus’ earnings view is $4.71 per share for the full year.

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report

Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon

Lamb Weston’s (LW) challenges may not end soon, a few points to note

Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top