Portfolio Strength to Drive Take Two (TTWO) Q3 Earnings

TTWO EA

Take Two Interactive Software (TTWO - Free Report) is scheduled to report third-quarter fiscal 2019 results on Feb 6.

The company beat the Zack Consensus Estimate in the trailing four quarters, delivering average positive surprise of almost 19%.

In the last reported quarter, Take Two’s earnings of 22 cents per share increased. The company had reported loss of 3 cents in the year-ago quarter. The company's net revenues increased 11.1% from the year-ago quarter to $492.7 million.

For third-quarter fiscal 2019, GAAP net revenues are expected in the range of $1.10 to $1.15 billion.

The Zacks Consensus Estimate for third-quarter earnings has increased 1.5% in the past 30 days to $2.75 per share. Earnings are estimated to increase 118.3% year over year. Further, the consensus mark for revenues is pegged at $1.48 billion, up roughly 126.8% from the year-ago quarter.

Let’s see how things are shaping up prior to this announcement.

Take-Two Interactive Software, Inc. Price and EPS Surprise

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