Down More Than 10% After Disappointing Earnings: Is Take-Two Interactive Still a Buy?
Investors have gotten used to Take-Two Interactive (NASDAQ: TTWO) delivering good results. Grand Theft Auto Online, Red Dead Redemption 2, and NBA 2K have been consistent performers, but revenue and earnings came in below the consensus analyst estimates in the fiscal third quarter. The stock is down 12% as of this writing.
Does the quarterly miss signal that Take-Two is losing momentum, or should investors look at this as a buying opportunity?
The Moonshiners game update drove higher player engagement in Red Dead Online during the most recent quarter. Image source: Rockstargames.com.
Source Fool.com
