Take-Two Interactive Software Shares Down 3% on Q1 EPS Miss
<p><a href='https://financialmodelingprep.com/financial-summary/TTWO'>Take-Two Interactive Software, Inc. (NASDAQ:TTWO)</a> shares closed more than 3% lower on Tuesday following the company’s reported Q1 results, with EPS of ($0.76) significantly missing the Street estimate of $0.87. Revenue came in at $1.1 billion, slightly better than the Street estimate of $1.09 billion.</p>
<p>The company expects Q2/23 EPS to be in the range of ($0.96)-($0.86), and revenue in the range of $1.37-1.42 billion. For the full 2023-year, the company expects EPS in the range of ($2.75)-($2.50), and revenue in the range of $5.73-5.83 billion.</p>
<p>With more uncertainty removed around the 2023 slate and ZNGA contribution removed, analysts at Oppenheimer said they are more comfortable buying TTWO shares post Q1 results. </p>
<p>The analysts believe content strength ultimately drives net bookings and profit growth, in spite of the tough macro setup. According to the analysts, the company remains a leading publisher of best-in-class content across platforms, with a superior content pipeline in the next two years. The analysts maintained their outperform rating and $180 price target on the company’s shares.</p>

NASDAQ:TTWO