Take-Two Posts Strong 3Q Driven by RDR2; Weak 4Q Guidance Just a Blip on the Screen
Take-Two reported strong fiscal 2019 third-quarter results as revenue came in ahead of the Street estimates and EBITDA met expectations. Strong sales and recurrent consumer spending in NBA 2K19 and the launch of Red Dead Redemption 2 drove growth on the top and bottom lines. RDR2 sold over 23 million units worldwide and was the top-selling game of 2018 in the U.S. Despite the strong quarter, shares tumbled lower intraday on Feb. 6 as the company issued weaker-than-expected guidance for the fisca...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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