Take-Two slides with GTA VI launch in focus
TTWO•Take-Two shares fell 2% ahead of quarterly results, with investors focused on the November 19 launch of Grand Theft Auto VI. Analysts expect September-quarter revenue of $1.58 billion and adjusted EPS of 94 cents.
1. Results and launch in focus
Take-Two is expected to report September-quarter revenue down 20% to $1.58 billion and adjusted EPS of 94 cents, compared with $1.47 a year earlier. Newzoo research estimated GTA VI could generate $3.3 billion to $5.2 billion in launch-week sales; Take-Two previously called pre-orders “unprecedented” while maintaining its fiscal-year bookings forecast.
