Take-Two Interactive Software (TTWO) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $-0.30. The company posted revenue of $272.60 million in the period, compared to analysts expectations of $258.96 million. The company’s revenue was down -25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on Take-Two Interactive Software. Shares were Reiterated by Mizuho on May 19, 2016 to “Buy” and Lowered the Price Target to $ 40 from a previous price target of $41 .
Take-Two Interactive Software closed down -0.12 points or -0.30% at $40.17 with 9,62,430 shares getting traded on Tusday. Post opening the session at $40.4, the shares hit an intraday low of $40.01 and an intraday high of $40.48 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 10, 2016, Michael Dornemann (director) sold 11,500 shares at $39.66 per share price. According to the SEC, on Jun 10, 2016, Strauss Zelnick (Chairman, CEO) sold 50,000 shares at $39.14 per share price. On Jun 10, 2016, Daniel P Emerson (Exec. VP and General Counsel) sold 16,348 shares at $39.16 per share price, according to the Form-4 filing with the securities and exchange commission.
Take-Two Interactive Software Inc. is a developer publisher and marketer of interactive entertainment. The Company develops and publishes products through its two wholly owned labels Rockstar Games and 2K. The Company has a portfolio of software content for the hardware platforms in a range of genres including action adventure family/casual racing role-playing shooter sports and strategy which it distributes across the world. The Company’s products are designed for console gaming systems such as Sony’s PlayStation 3 and PlayStation 4 Microsoft’s Xbox 360 and Xbox One and personal computers including Smartphone’s and tablets. Rockstar Games is the developer and publisher of Grand Theft Auto as well as other franchises including L.A. Noire Max Payne Midnight Club and Red Dead. The Company’s 2K publishes owned and licensed titles across a range of genres including shooter action role-playing strategy sports and family/casual.