Take-Two: Fiscal Q1 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 05:04 PM ET
Last Updated - Aug 08, 2024, 05:04 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Take-Two Interactive Software Inc. (TTWO) on Thursday reported a loss of $262 million in its fiscal first quarter.
The New York-based company said it had a loss of $1.52 per share. Earnings, adjusted for non-recurring costs and stock option expense, were 5 cents per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The publisher of "Grand Theft Auto" and other video games posted revenue of $1.34 billion in the period. Its adjusted revenue was $1.22 billion, falling short of Street forecasts. Thirteen analysts surveyed by Zacks expected $1.24 billion.
