Scalper1 News
Take-Two Interactive Software (TTWO), maker of the hit pro basketball video game “NBA 2K15,” delivered a slam dunk Monday for its fiscal fourth-quarter earnings. Take-Two stock rose 18% to 28.62 on the stock market today. The game publisher, best known for its “Grand Theft Auto” series, hit a record high of 30.80 on Jan. 28. For the quarter ended March 31, Take-Two earned 49 cents a share excluding items, up 133% year over year and beating Wall Street’s target of 27 cents. Sales rose 83% to $428 million, short of the $459 million expected by analysts polled by Thomson Reuters. Under generally accepted accounting principles (GAAP), Take-Two lost $2.99 a share in Q4, vs. a year-earlier profit of 40 cents a share. GAAP sales rose 54% to $300 million. Scalper1 News
Scalper1 News