“Red Dead Redemption” publisher topped expectations for fiscal Q3
The video game publisher Take-Two Interactive
Software posted figures for the quarter ending in December that beat
estimates.
For the fiscal third-quarter, Take-Two reported an adjusted
EPS of $1.24 on net bookings of $814.3 million. The results beat the 96 cents
per share earnings on sales of $747 million expected. However, the figures came
in lower than those reported during the same time in 2019: an EPS of $1.63, and
net bookings of $888 million. The figures were boosted by the latest launch of
“Borderlands 3.”
The New York-based company expects this quarter an adjusted
EPS of 57 cents on net bookings of $627 million. But the markets are expecting
lower figures for the EPS and net bookings: 42 cents per share, and $579
million, respectively.
Despite the promising results, Take-Two stock price fell 4%
following the announcement.
Source: investors.com
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