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Take-Two Interactive Software, Inc. stock price
Take-Two Interactive Software, Inc. latest news:
Take-Two and Kraft Heinz rise while Snap plunges
Take-Two Interactive Software and Kraft Heinz move up while Snap and Humana tumble
Markets Right Now: Stocks closing slightly higher Wednesday
Stock indexes are finishing with small gains as video game companies are up after strong quarterly results from Take-Two Interactive Software and an update from Activision Blizzard
BRIEF-Take-Two Interactive Software Q2 loss per share $0.03
Take Two Interactive Software Inc(TTWO) : * Take Two Interactive Software Q2 loss per share $0.03; Q2 GAAP net revenue $443.6 million, up 6 percent. * Q2 net bookings grew 20 percent to $577 million. * Sees Q3 loss per share $0.25 to $0.35; sees Q3 gaap net revenue $440 million to $490 million. * Sees Q3 net bookings to range from $610 million to $660 million.
Take-Two jumps to record price levels despite earnings swinging to a loss
Take-Two Interactive Software Inc. shares jumped more than 10% to record price levels in late trading Tuesday after the videogame publisher reported that earnings swung to a net loss, but increased guidance for the full year. The publisher of the "Grand Theft Auto" series of videogames reported a second-quarter net loss of $2.7 million, or 3 cents a share, after reporting profit of 39 cents a share a year ago. The company reported net revenue of $443.6 million, after reporting sales of $420.2 million a year ago. The company increased its guidance for full-year revenue, to a range of $1.74 billion to $1.84 billion from a range of $1.65 billion to $1.75 billion. Shares jumped to nearly $118 in late trading after closing at $106.39, topping the record price paid for shares in a regular trading session of $111.11.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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