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Earnings Flash (TTWO) Take-Two Interactive Software Posts Fiscal Q4 Per Share Loss -$0.32, vs. FactSet Est of $-0.57 Loss
US equity markets edged higher intraday and oil prices declined as traders tracked the latest on the Iran war, while technology bellwether Nvidia's (NVDA) shares slipped despite reporting stronger-than-expected first-quarter revenue.The Dow Jones Industrial Average was up 0.5% at 50,256.6 after midday Thursday, while the Nasdaq Composite rose 0.3% to 26,345. The S&P 500 added 0.3% to 7,453.4. Most sectors were in the green, led by consumer discretionary, while consumer staples saw the biggest drop.West Texas Intermediate crude oil was down 2.4% at $95.92 a barrel intraday, while Brent fell 2.5% to $102.39.Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, has issued a directive that the country's uranium should remain within the country, Reuters reported Thursday, citing two senior Iranian sources.President Donald Trump reportedly said Thursday that the US will eventually recover Iran's stockpile of highly enriched uranium. Retrieving the uranium is a key objective of Trump's war on Iran.Trump told reporters on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backed out, according to several media outlets.Iran is discussing setting up a permanent toll system with Oman to formalize its control of the Strait of Hormuz, Bloomberg News reported Thursday.Treasury yields were mixed intraday, with the two-year rate up 2.4 basis points at 4.09% and the 10-year yield rate little changed at 4.59%.Shares of Nvidia (NVDA) fell 1.2% intraday, among the worst performers on the Dow.The chipmaking giant late Wednesday reported fiscal first-quarter revenue above Wall Street's estimates as data center sales outperformed expectations amid an artificial intelligence boom.For the current quarter, Nvidia said it anticipates revenue of $91 billion, plus or minus 2%. The consensus indicated $87.29 billion."Nvidia has become so important that good is not enough," Saxo Bank said in a report. "Investors want proof that the cycle extends into 2027 and beyond, that margins can stay high, and that customers are not simply ordering ahead before the next chip transition."Walmart (WMT) shares were down 6.9%, the steepest decline on the Dow and second-biggest on the S&P 500. The retail giant issued a fiscal second-quarter earnings outlook below market estimates, while it reported better-than-expected revenue in the previous three-month period.Intuit's (INTU) stock plunged 20% intraday, the worst performer on the S&P 500. The financial technology platform late Wednesday reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%.Deere's (DE) fiscal second-quarter results exceeded analysts' expectations, while the company on Thursday affirmed its soft full-year earnings outlook amid continued pressure in global agricultural markets. The stock was 4.6% lower intraday, among the worst performers on the S&P 500.Lifting interest rates may not be an appropriate response from the Federal Reserve to curb price pressures, Richmond Fed President Tom Barkin said in prepared remarks for an event in North Carolina."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. "That said, I've been asking myself whether we've entered an era where supply shocks will become more frequent.""With inflation above our 2% target for over five years now, it's worth asking whether the cumulative impact of so many waves risks loosening the anchor."Fed officials at their April policy meeting flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the meeting showed on Wednesday.Ross Stores (ROST), Take-Two Interactive Software (TTWO), and Workday (WDAY) are among companies scheduled to release their earnings after the markets close.Gold was up 0.2% at $4,545.90 per troy ounce, while silver rose 1.1% to $77.05 per ounce.
US equity markets were trending lower before the opening bell Thursday as traders monitor the latest developments in the US-Iran conflict and digest tech bellwether Nvidia's (NVDA) quarterly earnings.The S&P 500 fell 0.4% and the Dow Jones Industrial Average slipped 0.3% in premarket activity, while the Nasdaq was down 0.5%. The indexes finished the previous trading session higher, with the Nasdaq and S&P 500 snapping a three-day losing streak.Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Thursday that Tehran is reviewing the latest US proposal to end the war in the Middle East, CNBC reported, citing state-run agency Nour News.President Donald Trump told reporters on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backs out, according to several media outlets. "We'll either have a deal or we're going to do some things that are a little bit nasty," Trump said, according to a Bloomberg News report. "But hopefully that won't happen."Earlier on Wednesday, Iran's Islamic Revolutionary Guard Corps reportedly said that it would retaliate beyond the Middle East if the US or Israel resumed their military attacks against the country.West Texas Intermediate crude oil slipped 0.2% to $98.01 a barrel before the open, while Brent decreased 0.6% to $104.42.Shares of Nvidia (NVDA) slipped 0.2% pre-bell after the chipmaking giant reported fiscal first-quarter revenue above Wall Street's estimates, as data center sales outperformed expectations amid an artificial intelligence boom. For the current quarter, Nvidia said it anticipates revenue of $91 billion, plus or minus 2%.Intuit's (INTU) stock dropped 14% after the financial technology platform reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%. Urban Outfitters (URBN) declined 1.4% after its financial results.Federal Reserve officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the central bank's April meeting showed on Wednesday.Meeting participants generally determined that elevated inflation, combined with uncertainty around the duration and impact of the Iran war, could justify holding rates for longer than previously anticipated. However, majority of Fed officials pointed out that "some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%."Treasury yields were rising before the open, with the two-year rate gaining 6.6 basis points to 4.1% and the 10-year rate adding 5.1 basis points to 4.62%.Thursday's economic calendar has the housing starts and permits report for April at 8:30 am ET, along with the weekly jobless claims bulletin and the Philadelphia Fed manufacturing index for May. The S&P Global's (SPGI) flash purchasing managers' index for May is out at 9:45 am, followed by the Kansas City Fed manufacturing index for the same month at 11 am.Richmond Fed President Thomas Barkin is scheduled to speak at 12:20 pm.Walmart (WMT), Deere (DE), NetEase (NTES), Williams-Sonoma (WSM), Ralph Lauren (RL), Nio (NIO) and Advance Auto Parts (AAP) report their latest financial results before the bell, among others. Ross Stores (ROST), Take-Two Interactive Software (TTWO), Workday (WDAY), Zoom Communications (ZM) and Deckers Outdoor (DECK) release their earnings after the markets close.Gold was down 0.4% at $4,519 per troy ounce, while bitcoin fell 0.3% to $77,255.
Take-Two Interactive Software (TTWO) is heading into a key "go/no-go" earnings moment, with investor attention set to center on fiscal guidance and confirmation of the Grand Theft Auto VI release schedule ahead of the May 21 call, Wedbush Securities said in a Friday note.The analyst said the update will be critical in determining whether GTA VI remains on track for its Nov. 19 launch, noting Rockstar's historical tendency to signal major delays roughly six months in advance, making this call a pivotal checkpoint for expectations.Wedbush expects fiscal Q4 results to come in at the high end of guidance, modeling net bookings of about $1.56 billion versus guidance of $1.51 to $1.56 billion and earnings per share of $0.56 at the top of the $0.46 to $0.56 range, supported in part by strength in mobile gaming, according to the report.Looking ahead, Wedbush said fiscal 2027 guidance will be the most important driver of sentiment, with estimates at roughly $9.40 billion in bookings and $6.40 in EPS versus consensus of about $9.33 billion and $7.97, as investors look for clarity on GTA VI scale, mobile momentum, and the timing of launch contributions.Wedbush maintained its outperform rating on the stock with a price target of $300.Price: $243.11, Change: $+0.70, Percent Change: +0.29%
Take-Two Interactive Software's (TTWO) potential update on the "Grand Theft Auto VI" launch date will be a key focus for investors at the video game maker's upcoming earnings call, Wedbush Securities said Friday.The company is scheduled to release its financial results on May 21, with a conference call scheduled on the same day."The call itself is what matters," Wedbush analysts, including Alicia Reese, wrote in a client note. "This is the moment investors will know whether GTA VI is still on track for its Nov. 19 release."In November last year, Take-Two Interactive and its subsidiary, Rockstar, announced a further delay to the game, setting the release date at Nov. 19 this year.In February, the brokerage said there was a 75% probability that Take-Two will launch GTA VI in November, although its Rockstar subsidiary has a history of announcing major delays about six months ahead of the release. "If management doesn't push the date on this call, we move our odds to (greater than 90%) that November holds," Reese wrote on Friday.Wedbush cited a leaked email from electronics retailer Best Buy (BBY) sent to its affiliate marketing partners that pre-orders for GTA VI could go live at any point next week. The exact dates could still change, while Rockstar could push the trailer and pre-order release by a week or two to "retake control of the announcement," the brokerage said."In either scenario, we'd expect a new trailer and pre-order announcement within the month," Reese said.Wedbush estimates Take-Two to report fourth-quarter bookings of $1.56 billion, at the high end of the company's outlook range, with a chance to exceed expectations due to strength in mobile.Wedbush maintained its outperform rating on Take-Two's stock and 12-month price target of $300.Price: $243.19, Change: $+0.78, Percent Change: +0.32%
Take-Two Interactive Software's (TTWO) Rockstar Games has been the target of a cyberattack for the second time in three years, multiple media outlets reported Monday.Hacker group ShinyHunters has taken responsibility for the attack and demanded a ransom, or else it would publish stolen material online, according to the reports.Rockstar Games has downplayed the incident, stating that the attack "has no impact on our organization or our players," the reports said.The company did not immediately reply to a request for comment from.Price: $201.40, Change: $+4.33, Percent Change: +2.20%
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