This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Take-Two Interactive Software, Inc. Reports Strong Results For Third Quarter Fiscal 2013

Stocks in this article: TTWO

Business and Product Highlights

Since October 1, 2012:

Rockstar Games:

  • Released Rockstar Games Collection: Edition 1. This box set features four of the most critically acclaimed titles of the current console generation, including Red Dead Redemption, L.A. Noire, Grand Theft Auto: Episodes from Liberty City and Midnight Club: Los Angeles Complete Edition.
  • Released Grand Theft Auto: Vice City for a wide range of iOS and Android devices to celebrate the 10 th anniversary of one of the highest-rated and top-selling games of all time for the PlayStation 2.*
  • Announced that it plans to launch Grand Theft Auto V worldwide on September 17, 2013.

2K:

  • Released NBA 2K13, the next installment in its top-rated and top-selling basketball franchise,* which has sold-in more than 15 million units since the release of NBA 2K11 in October 2010. NBA 2K13 received critical acclaim, achieved franchise record-setting first week sales, and has sold-in nearly 4.5 million units to date. The title is being supported by the new NBA 2K Everywhere offerings, which gives fans the opportunity to experience NBA 2K virtually anywhere via an all-new mobile companion app, a social game on Facebook, and a full-featured mobile version of NBA 2K13.
  • Launched XCOM: Enemy Unknown, reintroducing one of the greatest video game franchises of all time. The title is a critical and commercial success, with strong digital sales and a near 90 average review score on Metacritic. 2K has released two downloadable add-on content packs for XCOM: Enemy Unknown and has additional content planned for later this year.
  • Launched its holiday lineup of family-oriented titles, including Nickelodeon Dance 2 for consoles and Bubble Guppies and Team Umizoomi & Dora’s Fantastic Flight for the Nintendo DS.
  • Launched Borderlands Legends, an all-new action packed Borderlands experience designed specifically for mobile devices.
  • NBA 2K Online launched commercially on the Tencent Games portal in China. Co-developed by Visual Concepts and Tencent, this free-to-play game builds on 2K’s award-winning basketball simulation franchise in an exciting massively multiplayer online game (MMOG) format.
  • Pro Baseball 2K, an online baseball simulation game created by 2K in partnership with Nexon, entered closed beta in Korea in November . Pro Baseball 2K features authentic and true-to-life representations of the professional players of the Korean Baseball Organization (KBO), and is planned for open beta release in spring 2013.
  • Announced that Major League Baseball 2K13 is planned for release on March 5, 2013. The title will feature Tampa Bay Rays’ Cy Young Award winning pitcher David Price as cover athlete and will once again be supported with the Perfect Game Challenge, 2K Sports’ groundbreaking $1 million competition.
  • Announced that the MMOG which 2K has been developing in partnership with South Korean-based studio XLGAMES is based on 2K’s successful Civilization franchise. Under the leadership of XLGAMES’ CEO and MMOG design luminary, Jake Song, Civilization Online (working title) is being designed from the ground up as an entirely new online entertainment experience, which will initially launch in Asian markets.

* According to 2008-2012 Metacritic.com and The NPD Group estimates of U.S. retail video game sales through December 2012.

Share Repurchase Authorization

Take-Two also announced that its Board of Directors has authorized the repurchase of up to 7.5 million shares of its common stock. The authorization permits the Company to purchase shares from time to time through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws. It does not obligate the Company to make any purchases at any specific time or situation. Repurchases are subject to the availability of stock, prevailing market conditions, the trading price of the stock, the Company's financial performance and other conditions. The program may be suspended or discontinued at any time for any reason. As of February 1, 2013, the Company had approximately 91.64 million common shares outstanding.

2 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs