Take-Two Running After Earnings (TTWO)

Take-Two Interactive

released its fourth quarter earnings results yesterday after the closing bell. The company reported adjusted EPS of $0.67 compared to analysts' consensus of $0.31. Net revenue was up 32% to $373.7 million. This also easily exceeded Wall Street estimates which called for revenue of $325.23 million. The company also upped its guidance. During Friday's trading session, TTWO shares have risen 9.13% to $13.03 on very heavy volume. More than 7.7 million shares have already traded hands compared to a daily average volume of 1.43 million. The company released 3 hot new video game titles in the quarter ended October 31, 2010, including NBA 2K11, Mafia II, and Red Dead Redemption.