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What: Shares of video game specialist Take-Two Interactive
So what: Driven by strong performances of games like NBA 2K11, Civilization 5, and Red Dead Redemption, Take-Two reported a profit from continuing operations of $0.58 per share, easily besting the average analyst estimate of $0.31. It's no secret that the Motley Fool Rule Breakers pick has been troubled in recent years, but with today's results marking the third straight quarter in the green, Take-Two seems to be turning the proverbial corner.
Now what: Our Foolish community has long felt that Take-Two's creative talent is among the best in the industry, so with the company now on the path to consistent profitability as well, it's tough not to be bullish. With Take-Two "firing on all cylinders," management blew out Wall Street's expectations for the current quarter, as well. While Activision Blizzard
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Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Take-Two is a Motley Fool Rule Breakers selection, and the Fool owns shares of it. Activision and Electronic Arts are Stock Advisor picks. Motley Fool Options has recommended a synthetic long position on Activision, and the Fool owns shares of it. Try any of our Foolish newsletter services free for 30 days.
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