Take-Two Interactive Software Offers Light Sales, Earnings Outlook

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XThe New York City-based company earned an adjusted 78 cents a share on net bookings of $488.4 million in the quarter ended March 31. For the current quarter, Take Two expects to lose an adjusted 5 cents a share on net bookings of $335 million, based on the midpoint of its guidance. Wall Street expected the company to earn an adjusted 42 cents a share on net bookings of $418 million. For full year 2020, Take Two guided to adjusted earnings per share of $3.88 on net bookings of $2.55 billion. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor companies.

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