Investing.com - Take-Two (NASDAQ:TTWO) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Take-Two announced earnings per share of $1.07 on revenue of $729.4M. Analysts polled by Investing.com anticipated EPS of $0.91 on revenue of $581.63M. That with comparison to EPS of $0.78 on revenue of $488.41M in the same period a year before.Take-Two had reported EPS of $1.63 on revenue of $888.18M in the previous quarter.Analysts are expecting EPS of $0.51 and revenue of $486.11M in the upcoming quarter.
Take-Two shares are up 20.08% from the beginning of the year and are trading at $147.02 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 7.76% year to date.
Take-Two follows other major Technology sector earnings this month
Take-Two's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.66B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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