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Take-Two Sitting Pretty for 2008

WStreet writes: "Take-Two Interactive Software Inc. (ticker symbol: TTWO) shares have made a decisive move lower since the company last reported earnings in December. The company concluded its fiscal 2007 reporting period on an encouraging note, generating non-GAAP earnings per share of $0.05 versus a loss per share of $0.03 a year ago. In addition to the preliminary benefits of cost rationalization strategies enacted by Take-Two's new management team aiding the bottom line, net revenues rose a solid 10.0%.

The top line advance was attributed to strong demand for the under the radar hit title Bioshock for the Xbox 360 game platform, which shipped an impressive 2.0 million units. Take-Two also scored a success with Carnival Games on the Nintendo Wii game console, shipping 500,000 units of this interactive, family friendly title. Management did let modest air out of the balloon in the form of below consensus fiscal 1Q earnings per share guidance due primarily to upfront expenditures to support the fiscal 2Q release of Grand Theft Auto IV. However, fiscal 2008 earnings per share guidance was maintained".

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pharmd3533d ago

Now keep pumpin out some kickass games, they're on a roll and this shows that there are no excuses now

Exhaust3533d ago

It's selling for $14.09 right now and is sure to go up once GTA IV launches. Might actually buy some shares. Great article. Thanks for posting.

GTA IV will sell more copies than Halo 3 or COD4. There is no bigger name in gaming right now.

Crazyglues3533d ago

There is no bigger franchise in gaming then GTA ... with Grand Theft Auto: San Andreas selling 15.22 million copies world wide... just means GTAIV is set to do some serious numbers...

I would not be surprised if it turns out to be a system seller... where people who have been holding out decided to buy a next gen console just so they can play GTAIV.

As far as the stock, well It looks sweet but some where also saying that a few days ago when the stock was &16.95 and it's $14.10 now... so I don't know what to do as far as that one. The stock market is a crazy world.

You can become an instant million in the blink of an eye or lose your shirt and socks and end up owing more money then you ever had. -the problem is that guys tends to be the same person, so it's like flipping a coin to determine which one you become. No one really ever knows for sure what the market is going to do. Not $100% not even 70 percent of the time.

vloeistof3533d ago (Edited 3533d ago )

how late are the previews of gta iv coming to day in eu time ( not am or pm i dont ge that lol) and i live in holland

MIAMIFROST3533d ago

just waiting for the launch date now. :)