Investing.com - Take-Two (NASDAQ:TTWO) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Take-Two announced earnings per share of $-0.76 on revenue of $1.1B. Analysts polled by Investing.com anticipated EPS of $0.8669 on revenue of $1.09B.
Take-Two shares are down 29.38% from the beginning of the year, still down 35.91% from its 52 week high of $195.82 set on November 5, 2021. They are under-performing the S&P 500 which is down 13.13% from the start of the year.
Take-Two shares lost 5.15% in after-hours trade following the report.
Take-Two follows other major Communication Services sector earnings this month
Take-Two's report follows an earnings missed by Alphabet C on July 26, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Alphabet A had missed expectations on July 26 with second quarter EPS of $1.21 on revenue of $69.69B, compared to forecast for EPS of $1.27 on revenue of $69.8B.
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