Take-Two Interactive: An Earnings Preview
May 9th 2013 8:51PM
Updated May 9th 2013 10:10PM
Take-Two Interactive shares are up 25% since the company beat earnings estimates last quarter. In the video below, Fool contributor Demitrios Kalogeropoulos discusses what drove the surprise last quarter, and whether more good news could be in store for the company.
Wall Street expects Take-Two to earn $0.23 a share, versus the $0.60 loss a year ago. Sales are expected to rise by almost 90%. With optimism building around new gaming consoles coming in the fall, Demitrios argues that this is a good time for investors to take a look at the broader video game sector, too.
While Activision and Microsoft have been taking the headlines when it comes to console gaming, investors following the gaming sector would do well to also keep tabs on Electronic Arts. We can help. The Motley Fool's special report breaks down the risks and opportunities facing the company to help you decide if EA is right for your portfolio. Click here to get your copy now.
The article Take-Two Interactive: An Earnings Preview originally appeared on Fool.com.Fool contributor Demitrios Kalogeropoulos owns shares of Walt Disney and Activision Blizzard. Erin Miller owns shares of Walt Disney. The Motley Fool recommends Activision Blizzard, Take-Two Interactive , and Walt Disney. The Motley Fool owns shares of Activision Blizzard, Microsoft, and Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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