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Take-Two Interactive Notches Convincing First-Quarter Beats

TheMotleyFool

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Take-Two Interactive Notches Convincing First-Quarter BeatsPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Is Take-Two Interactive Software (NASDAQ: TTWO) a coronavirus-proof stock?

If the video game developer's first quarter of fiscal 2021 is any indication, the answer might just be yes. The company delivered an estimate-beating top line in its results -- released late on Monday -- and showed very robust growth in numerous key fundamentals.

Net revenue for the period rose by 54% on a year-over-year basis to just over $831 million, on bookings that increased 136% to $996 million. Take-Two didn't hesitate to mention that these were all-time Q1 records for the company.

Source Fool.com

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