Why Take-Two Interactive Shares Got Thrashed on Tuesday
Tuesday was a day to forget for Take-Two Interactive (NASDAQ: TTWO). The company's stock crumbled by nearly 8% on the back of quarterly results that were not well received by investors.
All in all, Take-Two, one of the more prominent video game developers and publishers, didn't have a bad quarter. In announcing its first-quarter 2022 figures Monday after market close, the company revealed that its revenue came in at $813 million, on net bookings of $711 million. While both metrics were down from the respective $831 million and $996 million Take-Two made in the same period last year, they topped both the company's guidance and the average analyst estimate for net bookings of $686 million.
Image source: Getty Images.
Source Fool.com
