Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced fourth-quarter 2022 results Monday after the closing bell, reporting an 11% revenue growth.
Fourth-quarter revenues rose to $930.0 million from $839.4 million in the corresponding period of 2021 and came in above analysts’ estimates. Net booking moved up 8% annually to $845.8 million.
However, net income decreased to $110.9 million or $0.95 per share in the March quarter from $218.8 million or $1.88 per share a year earlier. Analysts had predicted better bottom-line performance.
The company’s stock closed Monday’s regular trading higher and gained further during the extended session after the earnings announcement.
Stocks you may like:
Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) rose more than 1% on Friday. The stock has dropped 17% year-to-date. The discount retailer is slated to report its third-quarter 2023 earnings
Urban Outfitters, Inc. (NASDAQ: URBN), a leading lifestyle products and services company, has reported higher sales and earnings for the third quarter of 2023. Q3 net income rose to $83.0 million or $0.88 per share