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The company reported a fiscal first quarter, topping Street forecasts of 41 cents per share.
"We delivered significant net bookings and cash flow growth driven by the performance of Grand Theft Auto Online and Grand Theft Auto V, NBA 2K19, the Borderlands franchise and Red Dead Redemption 2, and Red Dead Online," CEO Stauss Zelnick told analysts on Monday evening. "As we approach the sixth anniversary of their initial launch, sales of Grand Theft Auto V and recurrent consumer spending on Grand Theft Auto Online once again exceeded our expectations in the first quarter.
Here's what Cramer thinks about the company.
"Grand theft auto: Amazing acceleration. Again, it's one of the 100 million sold. It's one of the greatest hits in history. Borderlands 3 is coming. It's going to be very powerful. NBA 2K off the charts, really incredible including in China. Red Dead Redemption, Red Dead is exactly what Strauss Zelnick said it would be. So you've got really a huge number of hits. Obviously, Fortnite, as he predicted, was going to bring more people in. The stock should be up more," said Cramer.
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