3 Reasons Take-Two Interactive Foresees More Growth After Crushing Earnings Estimates

Share prices of Take-Two Interactive (NASDAQ: TTWO) have bounced by 10% since May 18, when the company delivered fiscal fourth-quarter earnings that once again beat analysts' estimates by a wide margin.

Take-Two's non-GAAP earnings per share have come in at least 30% higher than the analysts' consensus estimate over the last four quarters. The only negative point in the quarterly report was management's outlook, which forecasts that bookings will decline by 9% in fiscal 2022. But that didn't faze investors, who were apparently more interested in management's comments about the game development pipeline, and what that could mean for the company's medium-term growth.

Take-Two's fiscal 2021 Q4 ended March 31. Here's what management had to say on the earnings call and three reasons the company sees more growth ahead.

Source Fool.com