Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced fourth-quarter results Tuesday after the closing bell, reporting earnings and revenues that exceeded expectations.
Fourth-quarter revenues rose to $839.4 million from $760.5 million in the corresponding period of 2020. Net booking moved up 8% annually to $784.53 million, defying Wall Street’s expectations for a decline.
Consequently, net income increased to $218.8 million or $1.88 per share in the March quarter from $122.2 million or $1.07per share a year earlier. Analysts had predicted a weaker bottom-line performance.
The company’s stock closed Tuesday’s regular trading lower but gained during the extended session after the earnings announcement. It has gained 21% so far this year.
Stocks you may like:
Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first
The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive
Campbell Soup Company (NYSE: CPB) reported third-quarter 2021 earnings results today. Net sales decreased 11% year-over-year to $1.98 billion, as a result of lapping the demand surge at the onset