Take-Two (TTWO) Stock Gains in After-Hours Trading On Earnings Beat

NEW YORK (TheStreet) -- Shares of Take-Two Interactive Software (TTWO) were gaining 3.1% to $24.95 after-hours Monday after the video game publisher reported mixed results for the fiscal fourth quarter.

Take-Two reported earnings of 49 cents a share for the fourth quarter, above analysts' estimates of 27 cents a share for the quarter. Revenue grew 83% year over year to $427.7 million in the quarter, below analysts' estimates of $458.94 million.

The video game publisher cited Grand Theft Auto V, Grand Theft Auto Online, Evolve, NBA 2K 15, and Borderlands: The Handsome Collection as the biggest contributors to revenue in the quarter.

"Our strong fourth quarter revenues and better-than-expected Non-GAAP profits marked an outstanding close to one of our company's best years ever," Chairman and CEO Strauss Zelnick said in a statement.

Zelnick also highlighted Battleborn, a new intellectual property and an unannounced triple-A title from 2K as games the company is looking forward to in 2016 in addition to its annual franchises.

TheStreet Ratings team rates TAKE-TWO INTERACTIVE SFTWR as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate TAKE-TWO INTERACTIVE SFTWR (TTWO) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: TTWO Ratings Report

TTWO ChartTTWO data by YCharts

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