1 Bold Prediction From Take-Two's CEO Has Investors Upbeat
Take-Two Interactive (NASDAQ: TTWO) crushed expectations in the fiscal fourth quarter. The consensus analyst estimate called for Take-Two to post $664 million in bookings for the quarter, but the company behind the popular Grand Theft Auto and NBA 2K franchises reported actual bookings of $785 million. The stock is currently up 14.8% over the last week at the time of this writing.
During the fiscal fourth-quarter earnings call, CEO Strauss Zelnick made a bold prediction that "over the next few years, we believe that we will establish new records of operating results even above the spectacular performance we delivered this past year."
It's normal for CEOs to be bullish, but there are two reasons investors are fired up about Take-Two's optimism.
Source Fool.com
