Take-Two Interactive is Expected to Top Last Year's Earnings
Take-Two Interactive is expected to top last year's top- and bottom-line results.
Shares of the video game maker Take-Two Interactive (TTWO) - Get Report are in focus ahead of the release of the company's third quarter results. Analysts surveyed by FactSet are expecting the company to report earnings of $0.97 cents a share, that's 8 cents better than a year ago. Revenue is expected to come in at $720 million, that's a big jump from a year ago. Investors should also expect to hear details about the company's $250 million acquisition of Spanish mobile gaming company Social Point last week. The company has said that the acquisition will not be accretive to its bottom line until 2018.
