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Why Take-Two Interactive Stock Was Falling Earlier Today

TheMotleyFool

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Why Take-Two Interactive Stock Was Falling Earlier Today: https://g.foolcdn.com/editorial/images/718921/angry-gamer-playing-online-on-his-pc.jpg

Shares of Take-Two Interactive (NASDAQ: TTWO) were down 2.9% as of 10:55 a.m. ET on Wednesday. Investors have concerns about the near-term trends in gaming following a disappointing earnings report from Electronic Arts on Tuesday.

Electronic Arts missed earnings and revenue estimates for the recent quarter, in which management blamed lower engagement for some of its games that is not consistent with historical trends this time of year.

Even after the small dip today, Take-Two stock has performed in line with the S&P 500 index year to date, currently up 5.8%. What does EA's report mean for Take-Two?

Source Fool.com

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