Take-Two Interactive (TTWO) is set to report fourth-quarter fiscal 2024 results on May 16. The consensus mark for fiscal fourth-quarter loss per share has narrowed from 13 cents to 7 cents in the past 30 days, indicating a decline of 91.76% from the year-ago quarter's reported figure. Take-Two's earnings beat the Zacks Consensus Estimate twice in the last four quarters and missed the other two occasions, delivering an average surprise of 10.38%. Let's see how things have shaped up for this announcement. Fac ...

The upcoming report from Take-Two Interactive (TTWO) is expected to reveal quarterly earnings of $0.07 per share, indicating a decline of 91.8% compared to the year-ago period. Analysts forecast revenues of $1.3 billion, representing a decrease of 6.6% year over year.The consensus EPS estimate for the quarter has been revised 115% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Bef ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Take-Two Interactive (TTWO) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 16, 2024, might help the stock move higher if these key numbers are better than ...

Discover how Take-Two's buyout of Gearbox could boost its market edge.The strategic $460 million acquisition of Gearbox Entertainment by Take-Two Interactive (TTWO 1.96%) appears to be a bold play to bolster its video gaming reach. Take Two has more than 20 years of successful publishing partnerships with Gearbox, and this move brings high-profile franchises like Borderlands in house as part of Take-Two's expansive portfolio. Let's look into whether or not this acquisition can further solidify its position ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Take-Two Interactive, the gaming giant behind the Grand Theft Auto franchise, is laying off 70 employees in the Seattle region. A WARN notification with Washington’s Employment Security Department (ESD) revealed the layoffs in Seattle as part of a closure beginning June 28.Take-Two lists Seattle as an office location on its website. The company owns Seattle-based studio Intercept Games, which is developing Kerbal Space Program 2. We’ve reached out to Take-Two for more details. The company, which owns publis ...

It's reporting quarterly results in just a few weeks, too.As billionaire investors go, Chase Coleman has a reputation for making bold bets on stocks that are just getting started in their growth stories. His portfolio, through the Tiger Global Management fund, is heavily focused on artificial intelligence (AI) today and counts several huge AI winners among its top holdings.There's a name that stands out in the fund's list of big holdings, though, and it's one that many growth investors will be familiar with ...

Strong intellectual property leveraged by the company is keeping one pundit sweet on its prospects.The stock of Take-Two Interactive (TTWO 0.72%), the video game company behind the long-running Grand Theft Auto (GTA) series, is a steal at its current price. That's the belief of an analyst tracking the company, which was reiterated in a research note published in mid-April. He feels it has the potential to rise as much as 31% from its present level.High anticipation tempered by uncertaintyThis bull is Oppenh ...

Take-Two Interactive (NASDAQ:TTWO) is scaling back operations, starting with job cuts. The company behind the Grand Theft Auto franchise is battling a difficult economic landscape. As of this writing, TTWO stock is down almost 10% year-to-date (YTD).The incoming changes at Take-Two include multiple canceled projects and a 5% workforce reduction. This means that 579 workers will be impacted by the Take-Two layoffs. Still, while shares are down today on the news, investors should focus on the bigger picture. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...