Credit Suisse Raises Price Target On Take-Two Interactive Software Ahead Of Q3 Print

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Take-Two Interactive SoftwareTTWO
is scheduled to report its third quarter 2015 results on February 3. Stephen Ju of Credit Suisse on Monday wrote in a note the company is expected to report an adjusted earnings per share of $1.43 on revenue of $752.6 million and an adjusted EBITDA of $210.3 million. According to Ju, the key contributors during the quarter include sales of
Borderlands: The Pre-Sequel, Grand Theft Auto V
for next generation consoles and
NBA 2K15.
Ju also notes that the company's fourth quarter guidance will serve as an indicator for expectations surrounding the new franchise
Evolve.
For the full year fiscal 2015, Ju estimates the company will report an adjusted earnings per share of $1.30 on $1.47 billion of revenue with an adjusted EBITDA of $217.8 million. Shares are Neutral rated with a price target raised to $31 from a previous $24.
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Posted In: NewsBorderlandsCredit SuisseEvolveGrand Theft AutoNBA 2K15Stephen Jutake-two interactivevideo games
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