John Freeman, CFRA Vice President, Equity Research, discusses Take-Two Interactive and Activision Blizzard earnings. You can see the full interview here. Key video highlights 00:00 On earnings surprise 00:11 On Call of Duty 00:33 On video game business
Take-Two (TTWO) delivered earnings and revenue surprises of 5.68% and 4.24%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
(Bloomberg) -- Take-Two Interactive Software Inc., the video game publisher known for the best-selling franchises Grand Theft Auto and Red Dead Redemption, cut its outlook for bookings in fiscal 2023 and gave a disappointing forecast for the current quarter as a dearth of new titles keeps players on the sidelines.Most Read from BloombergQuake Toll Hits 4,000 in Turkey and Syria as Rescue Teams ArriveTurkey’s South Hit by a Second High-Magnitude EarthquakeDell to Cut About 6,650 Jobs, Battered by