TAKE TWO INTERACTIVE (TTWO)
EARNINGS RELEASE - AUGUST 3 (AMC)
THIS QTR: EPS: 1.60/share REV: 843.6/M
LAST QTR: EPS: .89/share ACTUAL: 1.50/share (BEAT)
NEXT QTR: EPS: 1.10/share REV: 747.9/M
FULL YR: EPS: 3.91/Share REV: 2,750/M
BEAT/MISS RECORD: 83% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -6.61, -11.8, 4.84
EXPECTED JUMP MOVE THIS QUARTER: 10%
*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading
Links To Latest News and Headlines
Video game spending in December and full-year 2020 reached record levels in the U.S. as consumers spent more time with home entertainment during the Covid-19 pandemic, NPD Group said Friday.
After a 58% rise in Take-Two’s stock in the past year, there’s a fair bit of optimism priced in now, a KeyBanc Capital Markets analyst says.
The video game publisher has opted not to try to outbid Electronic Arts for the U.K.-based racing game maker.
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced that following the December 14, 2020 announcement by the Board of Codemasters that it had withdrawn its recommendation of the Company’s offer to acquire Codemasters Group Holdings PLC, Take-Two has, with the consent of the Panel, lapsed its offer. As noted in the Scheme Document (the “Scheme Document”) dated November 30, 2020, Take-Two was entitled to lapse the offer if the Court Meeting and General Meeting were not held on or before the 22nd day after the expected date of such Meetings set out in the Scheme Document. The expected date of such Codemasters’ Shareholder Meetings set out in the Scheme Document was December 21, 2020, and the 22nd day after such date was January 12, 2021. Codemasters’ Shareholder Meetings were not held on or before January 12, 2021 and Take-Two has not extended this date. As a result, the Co-operation Agreement has automatically terminated in accordance with its terms.
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced that it plans to report financial results for the third quarter of its fiscal year 2021, ended December 31, 2020, after the market close on Monday, February 8, 2021. The Company plans to hold a conference call to discuss its results at 4:30 p.m. Eastern Time, which can be accessed by dialing (877) 407-0984 or (201) 689-8577. A live, listen-only webcast and a replay of the call will be available at http://ir.take2games.com/.
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