This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why Take-Two Interactive (TTWO) Stock Is Dropping After Hours

NEW YORK (TheStreet) -- Take-Two Interactive (TTWO - Get Report) stock is falling in after-hours trading as first-quarter guidance came in below analysts' expectations. 

In post-market trading, shares sank 3.4% to $19.93.

For its first quarter ending June, management guided for net losses between 35 cents and 25 cents a share with revenue of $120 million to $135 million. Analysts surveyed by Thomson Reuters forecast a net loss of 16 cents a share and revenue of $209.7 million. 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Must Read: Elizabeth Arden (RDEN) Drags on Coty (COTY), Revlon (REV) Stock

Over its year-ending March quarter, however, the owner of Rockstar Games and 2K Games exceeded analysts' estimates. The company earned $21.5 million, or 21 cents a share, compared to $42.9 million, or 38 cents a share, in the year-ago quarter. Despite the year-on-year decline, profits exceeded forecasts of $10.94 million, or 10 cents a share. 

Quarterly sales of $233.2 million fell 23% from a year earlier, but blew past expectations of $202.51 million. The largest contributors to revenue included Grand Theft Auto VNBA 2K14 and BioShock Infinite. Sales of digitally-delivered content soared 51% year over year, accounting for more than half of total revenue. 

For its full year, the New York-based video game developer earned $4.26 a share, a nickel higher than expected. Revenue surged 97% to $2.4 billion, driven by successful launches throughout the year such as Grand Theft Auto V, the best-selling console video game of 2013 in North America, Latin America and Europe combined. 

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

WATCH: More market update videos on TheStreet TV | More videos from Kori Hale

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TTWO $33.38 0.00%
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs