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Take-Two Interactive Software, Inc. (TTWO) develops, publishes, and markets interactive entertainment solutions for consumers worldwide.
The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels.
It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
The company also develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.
In addition, the company publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier's Civilization, XCOM series, and Borderlands. Further, it publishes sports simulation titles comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series; and the Golf Club.
Additionally, the company offers free-to-play mobile games, such as Dragon City and Monster Legends. Its products are designed for console gaming systems, including Sony's PlayStation 4; Microsoft's Xbox One; the Nintendo Switch; and personal computers comprising smartphones and tablets. The company provides its products through physical retail, digital download, online platforms, and cloud streaming services.
Shares are heading higher in an upward trading channel. The lower boundary of the channel coincides with the stock's 100-day moving average. On August 5th, Take-Two Interacti (TTWO) reported 1st Quarter June 2019 earnings of $0.16 per share on revenue of $540.5 million. The consensus earnings estimate was $0.02 per share on revenue of $354.5 million. Revenue grew 39.3% on a year-over-year basis.
The company said it expects second quarter earnings of $1.04 to $1.14 per share on revenue of $855.0 million to $905.0 million. The current consensus earnings estimate is $1.31 per share on revenue of $864.3 million for the quarter ending September 30, 2019. The company said it expects fiscal 2020 earnings of $3.71 to $3.96 per share on revenue of $2.83 billion to $2.93 billion. The company's previous guidance was earnings of $3.39 to $3.65 per share on revenue of $2.70 billion to $2.80 billion and the current consensus earnings estimate is $3.61 per share on revenue of $2.65 billion for the year ending March 31, 2020.
Entry Point: $122.50
Trading Range: $84.41 - $135.70
Stop Loss: $117.00
Target Price: $134.75
TTWO closed at $123.60
