Take-Two Interactive Software, Inc. Reports Strong Results for Fiscal Second Quarter 2021
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Take-Two Interactive Software (TTWO) Misses Q2 EPS by 60c, Revenues Miss; Offers FY21 EPS Guidance Below Consensus, FY21 Revenue Outlook Above Consensus
November 5, 2020 4:26 PM ESTTake-Two Interactive Software (NASDAQ: TTWO) reported Q2 EPS of $0.86, $0.60 worse than the analyst estimate of $1.46. Revenue for the quarter came in at $841.1 million versus the consensus estimate of $847.83 million.
GAAP net revenue was $841.1 millionGAAP net income per diluted share increased 37% to $0.86GAAP net cash provided by operating activities for the six-months ended September 30, 2020 increased 335% to $626.7 millionAdjusted Unrestricted Operating Cash Flow (Non-GAAP) for the six-months ended September 30, 2020 increased 1135% to $509.4 millionNet Bookings grew to $957.5 millionCompany raises outlook for fiscal year 2021, including record Net BookingsManagement Comments
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