Categories AlphaGraphs, Earnings, Technology
TTWO Earnings: Take-Two Interactive slips to a loss in Q1; revenue up 36%
Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced first-quarter 2023 results Monday after the closing bell, reporting a 36% revenue growth.
First-quarter revenues rose 36% annually to $1.1 billion from $813.3 million in the corresponding period of 2022 and came in slightly above analysts’ estimates. Net bookings moved up 41% annually to around $1 billion.
Meanwhile, the company incurred a loss of $104.0 million or $0.76 per share for the June quarter, compared to a profit of $152.3 million or $1.30 per share in the prior-year quarter.
Check this space to read management/analysts’ comments on Take-Two’s Q1 2023 results
The company’s stock closed Monday’s regular trading lower and lost further during the extended session after the earnings announcement.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
