The Dow went down over 600 points Friday. That’s only the 8th time that the Dow has had a drop of 600+ points.
Take-Two Interactive (TTWO) reports earnings Wednesday February 7, 2018 after the close. It’s beaten earnings the past 10 quarters.
It beats EPS by 75% on average. The stock goes up almost 12% on average after reporting earnings.
Take-Two Interactive said last Thursday that Red Dead Redemption 2 will come out October 26th. It was going to be released this spring. The stock was down last Thursday after the announcement.
Electronic Arts (EA) reported an excellent quarter on January 30th. People are spending more money on micro-transactions, which is additional in-game content. This bodes well for Take-Two Interactive because they make more than 50% of their revenue from in-game purchases.
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