West Asia
Take-Two Interactive forecasts second-quarter bookings below estimates
Videogame publisher Take-Two Interactive Software forecast second-quarter bookings below Wall Street expectations on Thursday, hit by sluggish spending on its popular titles such as “Grand Theft Auto” and “NBA 2K” in an uncertain economy.
The company expects bookings to be between $1.42 billion and $1.47 billion for the second quarter, while analysts on average estimate $1.47 billion, according to LSEG data.