2 Tech Stock Winners and 1 Loser After Earnings Are Digested
Take-Two Interactive Software Inc. (NASDAQ:TTWO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income increased 406.38% to $71.4 million (67 cents per diluted share) in the quarter versus a net gain of $14.1 million in the year-earlier quarter. Revenue rose 75.94% to $415.8 million from the year-earlier quarter.
Take-Two Interactive Software Inc. reported adjusted net income of 67 cents per share. By that measure, the company beat the mean analyst estimate of $0.54. It beat the average revenue estimate of $361.94 million.