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Why Take-Two Stock Took Off 10% Higher Today

TheMotleyFool

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Take-Two Interactive Software (NASDAQ: TTWO), maker of the popular Grand Theft Auto video game franchise, put pedal to the metal Thursday morning and raced ahead 10.7% through 9:45 a.m. ET after beating earnings last night.

Analysts were looking for a $0.68-per-share (pro forma) profit from Take-Two Interactive in its fiscal Q4 2023, but Take-Two actually reported a profit of $0.85, adjusted for one-time items.

But that news may not be quite as good as it sounds.

Source Fool.com

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