Take Two Interactive Software Inc (TTWO - Free Report) reported loss of 3 cents per share for fiscal second-quarter 2018 against the prior-year quarter’s earnings of 39 cents.
Net bookings of $577 million easily topped the Zacks Consensus Estimate of $516.9 million. On a year-over-year basis, net bookings were up 20%.
Continued increase in digital revenues and strength in games like Grand Theft Auto V,Grand Theft Auto Online, NBA 2K17& 2K18, Monster Legends and XCOM 2 were the driving factors. Recurrent consumer spending net bookings increased 84% and represented 42% of total net bookings.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Take Two Interactive Software Inc (TTWO - Free Report) reported loss of 3 cents per share for fiscal second-quarter 2018 against the prior-year quarter’s earnings of 39 cents.
Net bookings of $577 million easily topped the Zacks Consensus Estimate of $516.9 million. On a year-over-year basis, net bookings were up 20%.
Continued increase in digital revenues and strength in games like Grand Theft Auto V,Grand Theft Auto Online, NBA 2K17& 2K18, Monster Legends and XCOM 2 were the driving factors. Recurrent consumer spending net bookings increased 84% and represented 42% of total net bookings.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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