— Take-Two Interactive Software Inc. (NASDAQ: TTWO) reported its third-quarter 2020 GAAP earnings of $1.43 per share. Analysts had, on average, projected Q3 earnings of $1.75 per share.
— Revenue fell by 25% to $930.1 million versus $922.12 million expected. Net Bookings went down 43% to $888 million.
— For the fourth quarter of 2020, the company expects GAAP net revenue in the range from $635 to $685 million. GAAP diluted EPS is expected to range from $0.92 to $1.12. Net Bookings are expected to range from $540 to $590 million.
— Trading of TTWO shares was halted immediately following the earnings announcement. The stock has gained 33% in the trailing 12-month period.
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Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
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