Categories Earnings, Leisure & Entertainment

Take-Two Interactive Software (TTWO): Q3 2020 Earnings Snapshot

Take-Two Interactive Software (TTWO) Q3 2020 Earnings Infograph

— 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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