3 Things Take-Two Interactive Wants You to Know

3 Things Take-Two Interactive Wants You to Know

Take-Two Interactive (NASDAQ: TTWO) delivered a strong quarter marked by the ongoing success of Grand Theft Auto V and the new release of NBA 2K18. The company reported growth in GAAP revenue and net bookings but reported a loss in earnings per share. However, the loss fails to reflect strong sales of Grand Theft Auto V, as the company is not able to account for the full sale of the game due to its digital content (more on that below).

Overall, the year is shaping up to be a lot better than management originally expected, leading to an improved outlook for the balance of fiscal 2018 ending in March.

IMAGE SOURCE: ROCKSTARGAMES.COM.

Continue reading

Source: Fool.com