Why TakeTwo Interactive Stock Climbed More Than 17% in October
Video game maker Take-Two Interactive (NASDAQ: TTWO) stock gained 17.5% in October according to data provided by S&P Global Market Intelligence. The company has been steadily launching new products to millions of loyal fans, and despite a tough year after a strong 2020, it's been beating sales expectations.
Take-Two makes some of the most popular video games around, including the Grand Theft Auto series. Its steady outflow of new games plus in-game sales and ad revenue gives it a reliable revenue stream. Pandemic sales were strong, and the company finished the 2021 fiscal year (ended March 31) with a 9% sales increase and $5.09 in earnings per share (EPS), a 46% increase.
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Source Fool.com
