Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
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
Interested in more info on Take-Two? Add it to your watchlist.