26 stories mentioning TTWO
Every FINWIRES story that references TTWO, newest first.
Daniel P Emerson, Chief Legal Officer, on June 15, 2026, sold 4,421 shares in Take Two Interactive Software (TTWO) for $950,515. Following the Form 4 filing with the SEC, Emerson has control over a total of 118,407 common shares of the company, with 118,407 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/946581/000094658126000055/xslF345X05/form4.xml
Karl Slatoff, President, on June 01, 2026, sold 249,327 shares in Take Two Interactive Software (TTWO) for $56,228,879. Following the Form 4 filing with the SEC, Slatoff has control over a total of 1,126,165 common shares of the company, with 1,126,165 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/946581/000094658126000049/xslF345X05/form4.xml
Lainie Goldstein, Chief Financial Officer, on June 01, 2026, sold 31,060 shares in Take Two Interactive Software (TTWO) for $6,821,087. Following the Form 4 filing with the SEC, Goldstein has control over a total of 283,374 common shares of the company, with 283,374 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/946581/000094658126000044/xslF345X05/form4.xml
The Standard & Poor's 500 index rose 0.9% this week, its eighth consecutive week of gains, amid upbeat trading heading into the holiday weekend.The S&P 500 ended Friday's session at 7,473.47, close to the record closing high it reached last week of 7,501.24.This marks the longest weekly winning streak since a nine-week run that ended in December 2023. The index is now up 3.7% for May and has climbed 9.2% in 2026.Government data this week showed US housing starts decreased less than estimated in April amid a jump in multi-family projects, while the single-unit component declined. Separate data from the National Association of Home Builders and Wells Fargo also showed US homebuilder confidence unexpectedly rose in May despite elevated mortgage rates, macro uncertainty and continued affordability challenges.US consumer sentiment, however, declined to a fresh record low in May amid fears that high gasoline prices could erode purchasing power, the University of Michigan said Friday. The main sentiment index tumbled 10% to 44.8 from last month. The consensus in a Bloomberg-compiled poll was for May's print to stay unchanged from a preliminary 48.2 estimate.The health care and utilities sectors led the gainers this week, climbing 3.3% each, followed by a 3% boost in real estate, a 1.9% gain in consumer discretionary and a 1.6% rise in financials. Technology, industrials and materials also edged higher.DexCom (DXCM) had the largest percentage increase in health care, jumping 17% on the week. The company announced the launch of its Dexcom Flex, a continuous glucose monitoring system for adults with Type 2 diabetes who are not using intensive insulin therapy, in Germany.The utilities sector's top gainers included shares of Dominion Energy (D), which unveiled an agreement to merge with NextEra Energy (NEE) in an all-stock deal to create the largest regulated electric utility in the world. Dominion shareholders will receive a 25.5% stake in the combined entity, while NextEra's shareholders will own about 74.5% of the merged company. Dominion's stock climbed 9.6% while NextEra, the only weekly decliner in the sector, lost 5.2%.Communication services fell 1.9%, while consumer staples shed 1% and energy edged down 0.4%.The hardest-hit stocks in communication services included shares of Take-Two Interactive Software (TTWO), which fell 6.1% on the week. The company posted a narrower-than-expected fiscal Q4 loss on higher-than-expected revenue but its fiscal 2027 guidance came in below analysts' mean estimates.Next week will have just four trading days as the US stock market will be closed on Monday for Memorial Day.Earnings reports are expected from companies including Costco Wholesale (COST), Dell Technologies (DELL) and Salesforce (CRM).Economic data will include the April personal consumption expenditures index, which is the Federal Reserve's preferred inflation measure, on Friday. Other reports will include May consumer confidence, April new home sales, and the second revision to Q1 gross domestic product.
US equity indexes rose as pressure on government bond yields eased and crude oil retreated from intraday highs amid intense diplomacy to reach a deal with Iran.The Nasdaq Composite rose 0.2% to 26,343.97, with the S&P 500 up 0.4% to 7,473.47 and the Dow Jones Industrial Average higher by 0.6% to 50,579.70. The Dow hit an all-time high of 50,830.24, according to data compiled by CNBC.Iran said peace negotiations with the US face "deep and significant" differences, and it's difficult to say if a deal can be reached over the next "weeks or months," Al Jazeera reported Friday.A Qatari negotiating team arrived in Tehran on Friday in coordination with the US to help secure a deal to end the war, Reuters reported, citing a source with knowledge of the matter. Pakistan's army chief Asim Munir is headed to Tehran to help mediate a settlement, Al Jazeera reported Friday.While there are "good signs" that an agreement to end the conflict is in sight, any deal would be "unfeasible" if Iran pursues measures to permanently control the Strait of Hormuz, US Secretary of State Marco Rubio said on Thursday, according to CNBC. The US plans to seize Tehran's stockpile of enriched uranium as part of peace negotiations, President Donald Trump reportedly said Thursday.West Texas Intermediate crude oil futures rose 0.1% to $96.44, and Brent crude futures climbed 0.9% to $103.54. The WTI and Brent futures traded more than 3% higher earlier in the day.US Treasury yields were mixed, with the 10-year down 2.6 basis points to 4.56% and the 30-year down 4.7 basis points to 5.06%. The two-year yield, however, rose 3.6 basis points to 4.12%.In economic news, the Conference Board's measure of leading indicators rose by 0.1% in April following a 0.6% decrease in March.The University of Michigan consumer sentiment index was revised down to 44.8 for May from a preliminary reading of 48.2, compared with expectations for no revision in a Bloomberg-compiled survey and a drop from the final 49.8 in April.Respondents in the Michigan survey expected a 4.8% inflation rate over the next year and 3.9% annual inflation over the next five years, up from 4.7% and 3.5%, respectively, in April.In company news, Dell Technologies (DELL) shares jumped 17%, the top gainer on the S&P 500, after Wells Fargo raised its price target to $270 from $180.Take-Two Interactive Software (TTWO) reported a narrower fiscal Q4 net loss as revenue increased. MoffettNathanson adjusted its price target on the company's shares to $196 from $206 while maintaining its neutral rating. Take-Two shares slumped 4.4%, the second-steepest decline on the Nasdaq.Merck (MRK) said Friday the European Medicines Agency's Committee for Medicinal Products for Human Use has recommended the approval of Keytruda, in combination with Padcev, to treat a type of bladder cancer. Shares of Merck jumped 5.6%, the Dow's top performer.
The Dow Jones Industrial Average hit a new record high on Friday, while the S&P 500 logged its eighth consecutive weekly advance.The Dow rose 0.6% to settle at 50,579.7, logging an all-time closing high for a second day in a row. The S&P 500 ended 0.4% higher at 7,473.5, while the Nasdaq Composite added 0.2% to 26,344. Barring communication services and consumer staples, all sectors were in the green, led by healthcare.US markets are closed on Monday for the Memorial Day holiday.This week, the Dow gained 2.1%, the S&P 500 advanced 0.9%, and the Nasdaq climbed 0.5%.Kevin Warsh formally assumed leadership of the Federal Reserve on Friday, replacing former Chair Jerome Powell amid growing signs of division at the central bank as inflation heats up.Warsh's nomination by US President Donald Trump had raised concerns about the central bank's independence."Markets increasingly believe that the (Federal Open Market Committee) -- and its new chair -- will act to burnish their inflation-fighting credentials and keep their independence intact," Scott Anderson, chief US economist at BMO, said in a report Friday. "This likely means holding policy rates higher for longer to prevent higher energy prices from feeding into longer-term inflation expectations."Fed officials flagged the possibility of raising interest rates if the Middle East conflict dragged on and kept inflation above the 2% goal, minutes from the central bank's April meeting showed Wednesday.Fed Governor Christopher Waller said Friday he is prepared to be patient in holding monetary policy at its current restrictive stance as the Middle East conflict continues to evolve."If I believe inflation expectations start to become unanchored, I would not hesitate to support an increase in the target range for the federal funds rate," Waller said. "But at this point, that action is premature."West Texas Intermediate crude oil was up 0.3% at $96.68 a barrel in Friday late-afternoon trade, while Brent rose 1.2% to $103.78. Both benchmarks were on track for weekly declines."Markets are still searching for signs of progress in a potential deal between the US and Iran," ING Bank said in a report Friday. "While there are signs of optimism, uncertainty reigns."A Qatari negotiating team arrived in Iran Friday to help secure a deal to end the conflict, Reuters reported, citing an unnamed source.US Treasury yields were mixed, with the 10-year rate last down one basis point at 4.56% and the two-year rate rising four basis points to 4.13%.In company news, Dell Technologies (DELL) shares soared nearly 17%, the top gainer on the S&P 500, as Wells Fargo raised its price target on the stock to $270 from $180.Take-Two Interactive Software (TTWO) shares fell 4.4%, the second worst performer on the S&P 500. Late Thursday, the video game publisher logged a smaller-than-expected fiscal fourth-quarter loss and said it was on track to launch the highly anticipated "Grand Theft Auto VI" Nov. 19.In economic news, US consumer sentiment declined to a fresh record low in May as people fear that high gasoline prices could erode their purchasing power, according to a survey by University of Michigan."Consumer sentiment fell for the third straight month as supply disruptions in the Strait of Hormuz continue to boost gasoline prices," Surveys of Consumers Director Joanne Hsu said. "The cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month."Gold was last down 0.7% at $4,509.10 per troy ounce, while silver lost 1% $75.96 per ounce.
US equity indexes ended higher on Friday amid progress in US-Iran peace negotiations, and crude oil prices retreated from intraday highs.* A Qatari negotiating team arrived in Tehran on Friday in coordination with the US to help secure a deal to end the war, Reuters reported, citing a source with knowledge of the matter. Pakistan's army chief Asim Munir is headed to Tehran to help mediate a settlement, Al Jazeera reported.* The Conference Board's measure of leading indicators rose 0.1% in April following a 0.6% drop in March.* The University of Michigan consumer sentiment index was revised down to 44.8 for May from the preliminary reading of 48.2, compared with expectations for no revision in a Bloomberg survey and a drop from 49.8 in April.* July West Texas Intermediate crude oil fell $0.05 to settle at $96.30 per barrel, while July Brent crude, the global benchmark, was last seen up $0.79 at $103.37.* Dell Technologies (DELL) shares rose 17%, the top gainer on the S&P 500, after Wells Fargo raised its price target to $270 from $180.* Take-Two Interactive Software (TTWO) shares fell 4.4%, the steepest decline on the Nasdaq, after the company reported fiscal 2027 guidance below analyst expectations. Multiple investment firms also lowered their price targets on the stock.
Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 3.8%.The Philadelphia Semiconductor index added 1.8%.In corporate news, Dell Technologies (DELL) shares surged 17% after Wells Fargo raised the company's price target to $270 from $180.Advanced Micro Devices (AMD) is working with Taiwan partners to boost production capacity as higher-than-expected demand limits the global CPU market, Reuters reported, citing AMD Chief Executive Lisa Su. AMD shares climbed 3.8%.Zoom Communications (ZM) appears poised for growth acceleration following a strong Q1, given sustained momentum in its AI products, RBC Capital Markets said in a note. Zoom shares jumped past 9%.Take-Two Interactive Software (TTWO) reported a narrower fiscal Q4 net loss as revenue increased. MoffettNathanson adjusted its price target on the company's shares to $196 from $206 while maintaining its neutral rating. Take-Two shares were down 3.9%.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target price at $279, 40.8x our FY 27 EPS estimate, in line with its five-year forward average P/E at 41.0x. We cut our FY 27 EPS estimate by $3.72 to $6.83 and set FY 28's at $10.14. TTWO anticipates a breakout year ahead, led by the upcoming release of Grand Theft Auto VI and a robust pipeline of new titles, with guidance for record net bookings and operating cash flow. Management projects continued strong performance and the ability to sustain higher scale, with improved operational leverage and cost efficiency, aided by margin improvements and increased use of technology, including AI. There was continued success and innovation in mobile, especially from Zynga, with both older and newer titles achieving growth. The mobile business benefited from strong execution, new features, and live service enhancements, and the direct-to-consumer channel was highlighted for driving both net bookings and margin growth.
US benchmark equity indexes were higher intraday, while oil prices fell as traders awaited progress in diplomatic efforts to end the Middle East conflict.The Dow Jones Industrial Average was up 1% at 50,786.6 after midday Friday, after closing at a record high in the previous session. The S&P 500 and the Nasdaq Composite were up 0.7% each at 7,499.5 and 26,464.9, respectively, intraday. Barring communication services and consumer staples, all sectors were in the green, led by healthcare.West Texas Intermediate crude oil was down 0.6% at $95.74 a barrel, while Brent fell 0.2% to $102.37. Both benchmarks were on track for weekly declines."Markets are still searching for signs of progress in a potential deal between the US and Iran," ING Bank said in a report Friday. "While there are signs of optimism, uncertainty reigns."A Qatari negotiating team arrived in Iran Friday in coordination with Washington to help secure a deal to end the conflict, Reuters reported, citing an unnamed source.On Thursday, US Secretary of State Marco Rubio reportedly said there were "good signs" that a peace deal is in sight, but warned that any agreement would be "unfeasible" if Iran insists on controlling shipping through the crucial Strait of Hormuz. Iran is discussing setting up a permanent toll system with Oman to formalize its control of the strait, news outlets reported."No one in the world is in favor of a tolling system," Rubio told reporters, according to CNBC. "It can't happen [and] it would be unacceptable."US Treasury yields were mixed intraday Friday, with the 10-year rate down 2.4 basis points at 4.56% and the two-year rate rising four basis points to 4.12%.Kevin Warsh took charge of the Federal Reserve Friday, replacing former Chair Jerome Powell amid growing signs of division at the central bank as inflation heats up.Fed Governor Christopher Waller said he is prepared to be patient in holding monetary policy at its current restrictive stance as the Middle East conflict continues to evolve."If I believe inflation expectations start to become unanchored, I would not hesitate to support an increase in the target range for the federal funds rate," Waller said. "But at this point, that action is premature."In company news, Dell Technologies (DELL) shares soared 16% intraday, the top gainer on the S&P 500, as Wells Fargo raised its price target on the stock to $270 from $180.Take-Two Interactive Software (TTWO) shares were down 3.6%, the worst performer on the S&P 500. Late Thursday, the video game publisher logged a smaller-than-expected fiscal fourth-quarter loss and said it was on track to launch the highly anticipated "Grand Theft Auto VI" Nov. 19.In economic news, US consumer sentiment declined to a fresh record low in May as people fear that high gasoline prices could erode their purchasing power, according to a survey by University of Michigan."Consumer sentiment fell for the third straight month as supply disruptions in the Strait of Hormuz continue to boost gasoline prices," Surveys of Consumers Director Joanne Hsu said. "The cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month."Gold was down 0.5% at $4,519.30 per troy ounce, while silver lost 0.1% $76.66 per ounce.
Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4.6%.The Philadelphia Semiconductor index added 2.6%.In corporate news, Dell Technologies (DELL) shares surged 16% after Wells Fargo raised the company's price target to $270 from $180.Zoom Communications (ZM) appears poised for growth acceleration following a strong Q1, given sustained momentum in its AI products, RBC Capital Markets said in a note. Zoom shares jumped past 10%.Take-Two Interactive Software (TTWO) reported a narrower fiscal Q4 net loss as revenue increased. MoffettNathanson adjusted its price target on the company's shares to $196 from $206 while maintaining its neutral rating. Take-Two shares were down 3.6%.
US equity indexes rose as pressure on government bond yields eased and crude oil retreated from intraday highs amid progress in Iran peace talks.The Nasdaq Composite rose 0.5% to 26,423.4, with the S&P 500 up 0.6% to 7,488.2 and the Dow Jones Industrial Average higher by 0.8% to 50,709.3 in Friday's midday trading. The Dow hit an all-time high of 50,746.25, according to data compiled by CNBC.A Qatari negotiating team arrived in Tehran on Friday in coordination with the US to help secure a deal to end the war, Reuters reported, citing a source with knowledge of the matter. Pakistan's army chief Asim Munir is headed to Tehran to help mediate a settlement, Al Jazeera reported Friday.While there are "good signs" that an agreement to end the conflict is in sight, any deal would be "unfeasible" if Iran pursues measures to permanently control the Strait of Hormuz, US Secretary of State Marco Rubio said on Thursday, according to CNBC. The US plans to seize Tehran's stockpile of enriched uranium as part of peace negotiations, President Donald Trump reportedly said Thursday.West Texas Intermediate crude oil futures rose 0.8% to $97.19, and Brent crude futures climbed 1.1% to $103.65. The WTI and Brent futures traded more than 3% higher earlier in the day.US Treasury yields were mixed, with the 10-year down 1.6 basis points to 4.57% and the 30-year down 3.4 basis points to 5.08%. The two-year yield, however, rose 3.8 basis points to 4.13%.In economic news, the Conference Board's measure of leading indicators rose by 0.1% in April following a 0.6% decrease in March."Strong investment in AI infrastructure, data centers, and energy production likely will have a positive impact on growth and sustain business spending but may only partially offset weakness on the consumer side," said Justyna Zabinska-La Monica, Senior Manager for Business Cycle Indicators.The University of Michigan consumer sentiment index was revised down to 44.8 for May from 48.2 preliminary, compared with expectations for no revision in a Bloomberg-compiled survey and a drop from the final 49.8 in April. Respondents expected a 4.8% inflation rate over the next year and 3.9% annual inflation over the next five years, up from 4.7% and 3.5%, respectively, in April."Consumer sentiment fell for the third straight month as supply disruptions in the Strait of Hormuz continue to boost gasoline prices," Michigan said.In company news, Dell Technologies (DELL) shares jumped 17%, the top gainer on the S&P 500, after Wells Fargo raised its price target to $270 from $180.Take-Two Interactive Software (TTWO) reported a narrower fiscal Q4 net loss as revenue increased. MoffettNathanson adjusted its price target on the company's shares to $196 from $206 while maintaining its neutral rating. Take-Two shares slumped 4.3%, the steepest decline on the Nasdaq.Merck (MRK) said Friday the European Medicines Agency's Committee for Medicinal Products for Human Use has recommended the approval of Keytruda, in combination with Padcev, to treat a type of bladder cancer. Shares of Merck jumped 5.4%, the Dow's top performer.
All three major US stock indexes were up in late-morning trading Friday, as Wall Street is set to secure a winning week despite high levels of volatility.In company news, Futu Holdings (FUTU) said Friday it has received an investigation notice and a preliminary administrative penalty warning from the Chinese Securities Regulatory Commission regarding its mainland China operations. The agency claims that certain Futu entities have conducted unauthorized securities business, public fund sales business and futures business in mainland China, in violation of several laws, the online brokerage said. Authorities have proposed ordering the cessation of these activities along with a fine of 1.85 billion Chinese Renminbi ($271 million) for Futu and a 1.25 million renminbi personal penalty for Chief Executive Li Hua, Futu said.Workday (WDAY) reported fiscal Q1 non-GAAP net income late Thursday of $2.66 per diluted share, up from $2.23 a year ago and above the FactSet consensus analyst estimate of $2.51. Fiscal Q1 revenue was $2.54 billion, up from $2.24 billion a year ago and above the FactSet consensus of $2.52 billion. For fiscal Q2, the company said it expects subscription revenue of $2.455 billion, compared with the FactSet consensus of $2.45 billion. For fiscal 2027, Workday said it expects subscription revenue of $9.925 billion to $9.950 billion. Analyst expect $9.94 billion.BJ's Wholesale Club (BJ) reported fiscal Q1 adjusted earnings Friday of $1.10 per diluted share, down from $1.14 a year earlier but above the FactSet consensus of $1.03. Fiscal Q1 revenue was $5.66 billion, up from $5.15 billion a year ago and above the FactSet consensus of $5.44 billion. The company said it plans to open new locations in Kentucky, Florida and Indiana.Take-Two Interactive Software (TTWO) reported a fiscal Q4 loss late Thursday of $0.32 per diluted share, narrowing from a loss of $21.08 a year earlier and compared with FactSet consensus estimate of a loss of $0.57. Fiscal Q4 revenue was $1.68 billion, up from $1.58 billion a year ago and above the consensus of $1.55 billion. For fiscal Q1, the company said it expects an EPS loss of $0.23 to $0.15 on revenue of $7.90 billion to $8.10 billion. Analysts expect $2.43 and $9.13 billion, respectively. The company said its highly anticipated game, Grand Theft Auto VI, will be released on Nov. 19.Price: $90.87, Change: $-32.99, Percent Change: -26.63%
Take-Two Interactive Software (TTWO) reported a fiscal Q4 beat and confirmed it is on track for Grand Theft VI Auto's Nov. 19 launch, analysts at Wedbush Securities said in a Friday note.The firm said fiscal Q4 net bookings of $1.58 billion topped the high end of guidance, with better-than-expected performance from the GTA series, several mobile titles and the Red Dead Redemption series.Recurring revenue rose 7% year over year and accounted for 82% of net bookings, with strength across GTA Online, NBA 2K26, WWE 2K26 and PGA Tour 2K25.The company's initial fiscal 2027 bookings guidance of $8 billion to $8.2 billion was below Wedbush's expectations of $9.4B, but it views the outlook as intentionally conservative for a major launch year, the analysts said.Wedbush maintained its outperform rating on Take-Two Interactive Software and a $300 price target.Shares of the company were 6.5% lower in Friday trading.Price: $222.26, Change: $-15.82, Percent Change: -6.64%
Technology stocks were advancing premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.3% higher.Take-Two Interactive Software (TTWO) stock was up 4.6% after the company reported a narrower fiscal Q4 net loss as revenue increased during the period.Workday (WDAY) shares were up more than 6% after the company reported higher fiscal Q1 non-GAAP net income and revenue.Sony's (SONY) Bungie is planning layoffs tied to the end of development for Destiny 2, Bloomberg reported, citing people familiar with the matter. Shares of Sony were down 1.6% pre-bell.
Technology stocks were advancing premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.4% higher.Take-Two Interactive Software (TTWO) stock was up more than 5% after the company reported a narrower fiscal Q4 loss as revenue increased during the period.
The benchmark US stock measures were tracking in the green before the open Friday as investors continue to monitor negotiations between the US and Iran to end the Middle East conflict.The S&P 500 edged up 0.1%, the Dow Jones Industrial Average added 0.2% and the Nasdaq was slightly up in premarket activity. The indexes finished the previous trading session higher, with the Dow reaching an all-time peak.US Secretary of State Marco Rubio reportedly said Thursday that there were "good signs" that a peace deal between the two countries is in sight, but warned that any agreement would be "unfeasible" if Iran insists on controlling shipping through the crucial Strait of Hormuz. Iran is discussing setting up a permanent toll system with Oman to formalize its control of the strait, Bloomberg News reported."No one in the world is in favor of a tolling system," Rubio told reporters, according to CNBC. "It can't happen [and] it would be unacceptable."The semi-official Iranian Students' News Agency reportedly said that the latest US proposal to Iran has "narrowed the gaps to some extent" between the two sides, although "further reductions require an end to the temptation for war from Washington."West Texas Intermediate crude oil rose 1.9% to $98.19 a barrel before the open, while Brent increased 2.5% to $105.18."The oil market remains overly sensitive to Iran-related headlines, with participants continuing to pin considerable hope on reports that talks between the US and Iran are progressing," ING Bank said in a report on Thursday.Treasury yields were down in premarket action, with the two-year rate retreating 0.7 basis points to 4.08% and the 10-year rate off 2.4 basis points to 4.56%.Shares of IBM (IBM), GlobalFoundries (GFS) and D-Wave Quantum (QBTS) were up pre-bell after being selected for US government funding under the Trump administration's plan to strengthen the country's position in quantum computing.Ross Stores (ROST) rose 5.3% after the discount retailer lifted its full-year outlook and reported better-than-expected fiscal first-quarter results. Take-Two Interactive Software (TTWO) gained 5.8% as the video game publisher reported a smaller-than-expected fiscal fourth-quarter loss and said it was on track to launch the highly anticipated "Grand Theft Auto VI" on Nov. 19.BJ's Wholesale Club (BJ) and Booz Allen Hamilton (BAH) report their latest financial results before the bell.Friday's economic calendar has the final University of Michigan consumer sentiment report for May at 10 am ET, while the weekly Baker Hughes oil-and-gas rig count posts at 1 pm. Federal Reserve Governor Christopher Waller is scheduled to speak at 10 am.Richmond Fed President Tom Barkin said Thursday that lifting interest rates may not be an appropriate response to curb price pressures."Raising rates to weaken demand doesn't address the root cause behind supply shock-driven inflation. It doesn't free up trade routes, reopen factories or melt ice," he said in prepared remarks for an event in North Carolina. "That said, I've been asking myself whether we've entered an era where supply shocks will become more frequent."Gold decreased 0.7% to $4,513 per troy ounce, while bitcoin slipped 0.4% to $77,221.
(Update to include the stock movement in the headline and first paragraph, and details about the Grand Theft Auto VI launch in the eighth paragraph.)Take-Two Interactive Software (TTWO) shares rose more than 5% in premarket Friday trading after fiscal Q4 results beat analysts' estimates.The company reported fiscal Q4 loss late Thursday of $0.32 per diluted share, narrowing from a loss of $21.08 a year earlier.Analysts polled by FactSet expected a loss of $0.57.Revenue for the quarter ended March 31 rose to $1.68 billion from $1.58 billion a year earlier.Analysts surveyed by FactSet expected $1.55 billion.The company set fiscal Q1 loss guidance of $0.23 to $0.15 per diluted share and revenue guidance of $1.45 billion to $1.50 billion. Analysts expect a loss of $0.40 and revenue of $1.48 billion.The company set full-year fiscal 2027 earnings guidance of $0.55 to $0.75 per diluted share and revenue of $7.90 billion to $8.10 billion. Analysts expect EPS of $2.43 and revenue of $9.13 billion.The company said it expects record operating performance in fiscal 2027, driven by the Nov. 19 launch of Grand Theft Auto VI and continued portfolio execution.Price: $251.62, Change: $+13.54, Percent Change: +5.69%
Take-Two Interactive Software (TTWO) reported a smaller-than-expected fiscal fourth-quarter loss late Thursday, while the video game publisher said it was on track to launch the highly anticipated "Grand Theft Auto VI" on Nov. 19.Take-Two's loss narrowed to $0.32 per share in the three months ended March from $21.08 the year before, compared with the FactSet-polled consensus calling for a $0.57 loss. Net bookings, which are products and services sold digitally and physically, remained flat year over year at $1.58 billion.Last week, Wedbush Securities expected bookings at the high end of the company's $1.51 billion to $1.56 billion range, saying the metric could exceed the company's own guidance.NBA 2K26, Grand Theft Auto Online, Grand Theft Auto V and Toon Blast were among the largest contributors to net bookings, Take-Two said. Overall revenue increased to $1.68 billion in the March quarter from $1.58 billion a year ago.GTA VI's launch date was a key investor focus heading into the print. Originally scheduled to come out in 2025, Take-Two's Rockstar Games delayed the release of this iconic series first to May 26 this year and then to Nov. 19.Take-Two said Thursday GTA VI is set to be launched on Nov. 19. It will be available on PlayStation 5 and Xbox series X/S."We believe Fiscal 2027 will establish new record levels of operating performance driven by the November 19th launch of Grand Theft Auto VI, along with strong execution across our portfolio," Take-Two Chief Executive Strauss Zelnick said in a statement.The company's stock rose 6.2% in after-hours trading. It is down 7% this year through Thursday's close.Oppenheimer expects GTA VI to contribute $3.45 in non-GAAP EPS in fiscal 2027, assuming 40 million units are sold at a $70 base price. However, buyside estimates indicate that more than 50 million units may be sold, analyst Martin Yang said in a research note published earlier this week.An incremental 10 million GTA VI sales would add $1 to 2027 estimates, Yang said. "While we view (50 million) unit sales in (fiscal 2027) as possible, we believe management is unlikely to guide to such an optimistic goal initially," according to the report.For fiscal 2027, Take-Two expects net bookings in a range of $8 billion to $8.20 billion. That compares with 19% growth to $6.72 billion in the year just ended.EPS for the full year is pegged at $0.55 to $0.75, swinging from a loss annually. The consensus on FactSet is for GAAP EPS of $2.43. The company expects revenue between $7.90 billion and $8.10 billion.Bookings are projected to come in between $1.32 billion and $1.37 billion for the three-month period ending June 30, Take-Two said. The company anticipates a net loss of $0.15 to $0.23 and revenue between $1.45 billion and $1.50 billion. Analysts polled by FactSet expect a first-quarter loss of $0.40 per share.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Take-Two delivered Q4 FY 26 results with net bookings of $1.58B (flat Y/Y) meeting guidance, while full-year bookings of $6.72B (+19% Y/Y) exceeded expectations. GAAP revenue of $1.68B (+6% Y/Y) in Q4 and $6.66B (+18% Y/Y) for the full year reflected broad-based portfolio strength, with net loss narrowing dramatically due to absence of prior-year goodwill impairments. We believe the company's live services model demonstrates durability, with recurrent consumer spending expanding 7% in Q4 and 17% for the full year, now representing 82% and 78% of total bookings. Management highlighted the November 19 GTA VI launch as a key catalyst, with marketing beginning this summer. We expect continued momentum from NBA 2K26, GTA Online, and mobile titles including Toon Blast and Match Factory!, while the strengthened cash position of nearly $2.0B provides substantial flexibility. Mobile's 52% share of Q4 bookings and growing direct-to-consumer channels support margin expansion, in our view.
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