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Home / Business / After revenue soared 54%, Take-Two Interactive Software shares rose 5%

After revenue soared 54%, Take-Two Interactive Software shares rose 5%



Take-Two Interactive Software Inc. TTWO,
+ 2.23%
After the company announced Monday’s first-quarter results that exceeded Wall Street’s revenue expectations, its stock rose 5%. The game company reported net income of $88.5 million, or 77 cents per share, compared with net income of $71.7 million, or 62 cents per share, in the same period last year. Revenue jumped 54% from US$540.5 million a year ago to a record US$831.3 million. Analysts surveyed by FactSet expect on average its adjusted net income per share of $1

.53 and sales of $824 million. This year, Take-Two’s stock price has risen 37%. S&P 500 Index SPX,
+ 0.71%
Increased by 2% by 2020.


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