TradingKey – Take-Two Interactive (NASDAQ: TTWO) jumped 8.31% to $224.64 on Tuesday, November 10, after its fiscal second-quarter report, on a day the S&P 500 fell 0.4%. It rose as much as 10.6% during the session, and premarket trading was nearly unchanged at $224.97.
The quarter missed Take-Two’s own bookings guidance, but investors looked straight past it. Grand Theft Auto VI launches on Thursday, November 19, and CEO Strauss Zelnick said preorders are at “unprecedented levels.”
A Weak Quarter Without GTA VI
Net bookings, the value of games and in-game content sold in the period, fell 18% to $1.60 billion, below the company’s $1.62 billion to $1.67 billion guide and the $1.66 billion Zacks consensus. Recurrent consumer spending, the…
