TTWO - Why Take-Two Stock Is Down Today | Benzinga
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares are down Friday after the company reported its third-quarter financial results after the bell on Thursday. Here's a look at what's going on.
The Details:
Take-Two reported third-quarter total net bookings of $1.34 billion, down 3% year-over-year. The company reported GAAP net revenue of $1.37 billion, also down by 3%, and a GAAP loss per share of 54 cents.
Take-Two revised its 2024 net bookings forecast lower to $5.25 billion and $5.3 billion, down from $5.45 billion and $5.55 billion earlier.
Roth MKM analyst Eric Handler maintained Take-Two Interactive with a Buy and raised the price target from $168 to $185. Additionally, Wedbush analyst Nick McKay ...