Take-Two Misses Estimates as Market Awaits News on Next GTA
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Take-Two Interactive Inc. offered a forecast for revenue in the current quarter that missed analysts’ estimates, sending shares lower as investors await news on timing of the highly anticipated next installment of the Grand Theft Auto franchise.
Adjusted revenue will be $808 million to $858 million in the fiscal fourth quarter, Take-Two said in a statement on Monday, while earnings per share, excluding some costs will be 78 to 88 cents. Analysts had predicted revenue of $918 million and earnings per share of $1.15. The shares fell in extended trading.