Take-Two Falls Despite Monster Holiday GTA V Sales
Despite reporting a phenomenal quarter in sales of its hit game Grand Theft Auto V, shares of Take-Two Interactive fell nearly 10% after it announced earnings Monday. The problem here is the future. While GTAV is delivering strong sales for the company now, it could be another five years before Take-Two's next Grand Theft Auto game, and investors are worried about what will fill the gap. In addition, GTA V is still not available on the two new next generation consoles that were just released late last year, the Xbox One or the PlayStation 4.
In this video from Thursday's Consumer Countdown, Motley Fool consumer goods analysts Mark Reeth and Mike Finarelli dig into Take-Two, where it stands today, and what the future looks like for the company. Mark discusses why the market might be viewing this company incorrectly, and points to how frequently the company releases games, and some of the strong offerings it may have waiting in the wings at the moment. While he's not a buyer today, he says he'll be watching this company closely, to see how well it can prove itself on the new consoles.
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The article Take-Two Falls Despite Monster Holiday GTA V Sales originally appeared on Fool.com.Mark Reeth has no position in any stocks mentioned. Michael Finarelli has no position in any stocks mentioned. The Motley Fool recommends Take-Two Interactive. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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