Take-Two Gets a Slam Dunk
There's never been more competition in the video game industry, as companies from across the globe put their games to the test and vie for a rich audience of gamers. Take-Two Interactive Software (NASDAQ: TTWO) has been a giant in the industry for years, and key franchises like its Grand Theft Auto and Red Dead Redemption series have been blockbusters for the company. Increasingly, incorporating sports into video games has become big business, and Take-Two is in a solid position to benefit from that trend.
Coming into Monday's fiscal first-quarter financial report, Take-Two investors had hoped that the video game company would see revenue soar even if earnings took a hit. Take-Two's results were encouraging, and the company sees a good future ahead.
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