Take-Two Shares Drop After Annual Profit Forecast Misses Estimates
- Company completed purchase of mobile-game maker Zynga in May
- NBA, WWE titles help push bookings up 41% to $1 billion
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Take-Two Interactive Software Inc. missed analysts’ estimates for annual profit after incorporating results from its purchase of mobile-game maker Zynga earlier this year. The shares fell about 4% in extended trading.
Adjusted earnings per share in fiscal 2023 will be $4.60 to $4.85, the company said, lower than analysts’ average projection for $5.37.