Take-Two: Q4 EPS beats estimates

(CercleFinance.com) - On Monday night Take-Two Interactive reported better-than-expected Q1 2021-22 EPS, Wedbush says, at 1.
09 dollar, above the broker's forecast of 1.03 dollar and well above video game publisher's own target range of 78-88 cents.

Revenues rose 11% to 930 million dollars, while net bookings rose 8% to 846 million dollars, which although missing Wedbush's estimate of 888 million dollars, even exceed the group's target range of 808-858 million dollars.

The broker said that it is reducing its FY EPS estimate to 4.45 dollars (from 6.95 dollars), while cutting its target price to 145 dollars, from 180 dollars, while maintaining its "outperform" rating on the stock.



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