Take-Two (NASDAQ:TTWO) Interactive Software (TTWO) shares rose over 1.5% in after-hours Tuesday despite the company reporting weaker-than-expected results and forecast.
Take-Two reported a profit per share of 27 cents on revenue of $1.28 billion, which compares to the consensus for earnings per share of 33 cents on revenue of $1.22B. Net bookings stood at $1.2B, up 20% year-over-year and in line with the consensus.
"We had a strong start to the fiscal year and achieved Net Bookings of $1.2 billion, which was at the high end of our expectations. Our performance was led by our catalog of iconic, industry-leading intellectual properties, which continues to resonate with our player communities worldwide," said Strauss Zelnick, Chairman and CEO of Take-Two.
For this quarter, the company sees adjusted EPS of $1.00 on revenue of $1.285B. Net bookings are seen at $1.425B at the midpoint. Analysts were looking for net bookings of $1.46B, adjusted EPS of $1.15, and revenue of $1.45B.
For FY24, the company sees adjusted EPS in the range of $3.00-3.25. Net bookings and revenue is seen at $5.5B and $5.42B, respectively. This compares to the consensus for adjusted EPS of $3.52, net bookings of $5.57B, and revenue of $5.56B.