Take-Two Interactive Software Surges After Strong Earnings Report
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Take-Two Interactive Software (TTWO
) surged in after-hours trading on strong earnings reported Thursday after the market close. Pre-market trading on Friday continued the gains. As of 8:09 am, the stock was at $10.11 per share, a 14.24% over Thursday's close.
The company reported net revenue for the quarter of $354.1 million on Thursday, a more than threefold gain from the same quarter a year ago, when it reported net revenue of $94.9 million. Strong sales of its Red Dead Redemption
title drove the gains.
Income from continuing operations was $12.4 million or 14 cents per diluted share, the company said in a statement
. For the same quarter in fiscal 2009, the company reported a loss from continuing operations of $58.3 million, or 76 cents per share.