Take-Two Interactive Software, Inc. (TTWO) reported its fourth-quarter and full-year results yesterday, May 16. The company failed to beat the consensus EPS estimate, but its revenue came above Wall Street estimates. In this piece, I have discussed why it could be wise to ditch the stock now.
For the fourth quarter, analysts expected an EPS of $0.08, but TTWO reported a loss per share of $0.59. On the other hand, its revenue came 2.2% above Wall Street estimates. The video game publisher’s total net bookings decreased 3.2% year-over-year to $1.35 billion. However, this figure surpassed analysts’ estimates of $1.30 billion, driven by resilient in-game spending on live service titles like “Grand Theft Auto V” and “WWE 2K24.”
