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Why Take-Two Stock Took Off 10% Higher Today

Rich Smith, The Motley Fool
·2-min read
Why Take-Two Stock Took Off 10% Higher Today

Take-Two Interactive Software (NASDAQ: TTWO), maker of the popular Grand Theft Auto video game franchise, put pedal to the metal Thursday morning and raced ahead 10.7% through 9:45 a.m. ET after beating earnings last night. Analysts were looking for a $0.68-per-share (pro forma) profit from Take-Two Interactive in its fiscal Q4 2023, but Take-Two actually reported a profit of $0.85, adjusted for one-time items. Despite growing sales 56% year over year (to $1.45 billion), Take-Two ended Q4 with a $3.62-per-share loss, versus last year's Q4 profit of $0.95 per share.

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