Take-Two Kicks Off Fiscal 2019 with Strong Quarter; Management Bullish on RDR 2 Online
Take-Two started fiscal 2019 on a strong note as first-quarter revenue and operating income both came in ahead the Street estimates. Recurrent consumer spending in both NBA 2K and GTA Online continues to drive growth on the top and bottom lines. While management issued improved revenue guidance for fiscal 2019 due to increased bullishness around Red Dead Redemption 2, GTA Online, and NBA 2K19, the new guidance range is in line with the previous consensus estimates. We are maintaining our narrow ...Take-Two Interactive Software is a developer, publisher and marketer of interactive entertainment for consumers. The company develops and publishes products principally through its two wholly-owned labels Rockstar Games and 2K, as well as its Private Division label and Social Point, a developer of mobile games. The company's products are designed for console gaming systems such as the Sony Computer Entertainment, Inc. PlayStation?4, Microsoft Corporation Xbox One?, and Xbox 360?, the Nintendo Switch, and personal computers, including smartphones and tablets. The company delivers its products through physical retail, digital download, online platforms and cloud streaming services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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