Videogame Stock Roundup: Take Two’s Earnings Beat, Sony’s Investment in AI, Nintendo’s Movie …
Among the top stories this week, Take Two Interactive Software Inc (TTWO – Snapshot Report) announced its quarterly results. Meanwhile, Sony Corp (SNE – Analyst Report) announced an investment in a U.S. technology start-up, Cogitai to boost its artificial intelligence (AI) capabilities and Nintendo is apparently venturing into the movie business. Top Stories this Past Week 1. Earnings: Take-Two Interactive posted solid fourth quarter fiscal 2016 results wherein adjusted earnings of 41 cents per share and non GAAP revenues of $342.5 million easily surpassed the respective Zacks Consensus Estimate of 13 cents and $309 million. However, the company’s revenues were down 20% year over year. The company initiated guidance for the first quarter and fiscal 2017. For the first quarter, Take Two expects non-GAAP revenues of $225 million to $260 million. Non-GAAP…
Link to Full Article: Videogame Stock Roundup: Take Two’s Earnings Beat, Sony’s Investment in AI, Nintendo’s Movie …
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