Take-Two Interactive Software Inc reports results for the quarter ended June 30 - Earnings Summary

• Take-Two Interactive Software Inc TTWO.OQ reported quarterly adjusted earnings of 62 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 20 cents to 35 cents per share.

• Revenue rose 16.8% to $1.42 billion from a year ago; analysts expected $1.31 billion.

• The company reported a quarterly loss of $11.9 million.

• Take-Two Interactive Software Inc shares had fallen by 6.4% this quarter and gained 23.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 19.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Take-Two Interactive Software Inc is $259.65, about 12.8% above its last closing price of $226.49

This summary was machine generated from LSEG data August 8 at 03:29 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)