Take Two Interactive (TTWO - Free Report) reported fourth-quarter fiscal 2019 GAAP earnings of 50 cents per share that declined 35% from the year-ago quarter.
However, net revenues increased 19.7% from the year-ago quarter to $539 million. The growth was driven by robust performance of “NBA 2K19, Grand Theft Auto Online and Grand Theft Auto V, Red Dead Redemption 2 and Red Dead Online, Sid Meier’s Civilization VI, Dragon City and Monster Legends, and WWE SuperCard and WWE 2K19.”
Recurrent consumer spending (virtual currency, add-on content and in-game purchases) increased and accounted for 54% of total net revenues.
The Zacks Consensus Estimate for earnings per share and revenues was pegged at 39 cents and $522 million, respectively.
Take-Two Interactive Software, Inc. Price, Consensus and EPS Surprise
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 >>
Take Two Interactive (TTWO - Free Report) reported fourth-quarter fiscal 2019 GAAP earnings of 50 cents per share that declined 35% from the year-ago quarter.
However, net revenues increased 19.7% from the year-ago quarter to $539 million. The growth was driven by robust performance of “NBA 2K19, Grand Theft Auto Online and Grand Theft Auto V, Red Dead Redemption 2 and Red Dead Online, Sid Meier’s Civilization VI, Dragon City and Monster Legends, and WWE SuperCard and WWE 2K19.”
Recurrent consumer spending (virtual currency, add-on content and in-game purchases) increased and accounted for 54% of total net revenues.
The Zacks Consensus Estimate for earnings per share and revenues was pegged at 39 cents and $522 million, respectively.
Take-Two Interactive Software, Inc. Price, Consensus and EPS Surprise
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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