Take-Two Interactive Software, Inc. (TTWO) reported a mixed bag of updates. There are both favorable and unfavorable changes in TTWO's market trend. Firstly, they managed to surpass their earnings target, although their sales were a little weak. The company's stock had fluctuated with the likes of Sequoia Financial Advisors LLC and Czech National Bank increasing their stakes while Portside Wealth Group LLC, Sumitomo Mitsui Trust Holdings Inc. and Securian Asset Management Inc. reduced theirs. The first quarter earnings unveiled were a miss according to some analysts, falling short by $1.54 EPS, but still exceeding revenue expectations. HSBC upgraded TTWO's rating to 'Strong-Buy' while the Q1 EPS was upgraded by Benchmark. However, the analysts cut the revenue estimates by 19% for the year. Their stock was trending positively, with plans to expand their gaming portfolio. Although, a 5% staff cut was announced highlighting cost reduction plans. TTWO's $600 million senior notes offering pricing was announced, while sealing the deal to acquire the successful Borderlands Franchise developer, The Gearbox Entertainment Company. However, insiders have sold US$5.5m of TTWO's stock.
Take-Two Interactive Software TTWO News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Sun, 18 Aug 2024 17:58:50 GMT - Rating 1 - Innovation -3 - Information 4 - Rumor 3
