Take-Two Shares Drop After Annual Profit Forecast Misses Estimates

Take-Two Interactive Software Inc. missed analysts’ estimates for annual profit after incorporating results from its purchase of mobile-game maker Zynga earlier this year. The shares fell about 4% in extended trading.

Adjusted earnings per share in fiscal 2023 will be $4.60 to $4.85, the company said, lower than analysts’ average projection for $5.37.