Take Two (TTWO): Results? Check. Reaction? Nope.
CA Editors
Stephen Frankola sends: Take Two (TTWO) blew out the quarter, reporting earnings of 67 cents per share compared to an analyst consensus of about 54 cents.
TTWO raised guidance for the year, and released their pipeline, which should provide strong sales during the next quarter and through the Christmas season.
Investors were unimpressed, however, and shares are flat.
The withdrawn-bid of $26 continues to cap the stock price. Hopefully analyst upgrades or commentary (which I expect to be forthcoming) will inspire investor interest; otherwise, Electronic Arts (ERTS) needs to bid reasonably ($35+, now that TTWO is set to make $2/share this year), or admit that TTWO is too expensive for them so that the stock price can rise organically.

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