Tae Kim 75
Growth at reasonable price

Time For A Take-Two Holding Pattern

Take-Two (NASDAQ:TTWO) reported fiscal year 2014 earnings results on Tuesday. They were gang-busters. One year ago Take-Two gave fiscal year 2014 earnings guidance of $2.05 to $2.30 per share. The company wound up reporting EPS of $4.26 per share, more than double guidance and initial sell-side estimates. Revenue grew 97% y/y for the fiscal year to a record-breaking $2.4 billion thanks primarily due to Grand Theft Auto V's 33 million units sold.

However it wasn't only a Grand Theft Auto V year. On the earnings conference call, Take-Two gave sold-in unit numbers for NBA 2K14 at 6.5 million to date, Borderlands 2 at 9 million to date, Bioshock Infinite at 6 million to date, and Civilization V at...

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