BUZZ-Take-Two shares rise after raising annual revenue and profit forecasts

November 9 - ** Video game publisher Take-Two Interactive (TTWO.O) saw its share price rise by about 4% in after-hours trading, reaching $216.2192.

** The company (link) raised its annual revenue and profit outlook (link) ahead of the highly anticipated launch of Grand Theft Auto VI.

** It expects total revenue for fiscal year 2027 to reach $7.98 billion to $8.18 billion, up from the previous forecast of $7.90 billion to $8.10 billion.

** The company raised the lower end of its full-year earnings guidance by 2 cents, now projecting earnings per share of $0.57 to $0.75.

** However, TTWO expects third-quarter bookings to fall short of analyst estimates.

** According to data compiled by London Stock Exchange Group (LSEG), third-quarter bookings are expected to be between $3.35 billion and $3.50 billion, while analysts on average expected $3.51 billion.

** Second-quarter total bookings fell 18% to $1.60 billion, missing the expected $1.67 billion.

** As of the previous market close, TTWO shares have fallen about 19% so far this year.

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