Take-Two Stock Drops Despite Raised Outlook. Why It Could Be a Buying Opportunity.
Market Intelligence Analysis
AI-PoweredTake-Two Interactive Software's stock dropped despite raising its fiscal year guidance due to the overall tech selloff, but the loss may be a buying opportunity.
Market impact analysis based on neutral sentiment with 70% confidence.
Article Context
Take-Two Interactive Software raised its fiscal year guidance, but that wasn’t enough to insulate the stock from the overall tech selloff on Wednesday. Take-Two reported a fiscal third-quarter loss of 50 cents a share after the stock market closed on Tuesday, which was wider than Wall Street estimates for a loss of 39 cents a share. Take-Two posted a loss of 71 cents a share and net bookings of $1.37 billion in the same period a year ago.
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