- Take-Two Interactive (TTWO -1.8%) is set to report strong holidays despite lacking a blockbuster release, KeyBanc says in a note.
- That's in part due to a "significant" free update to cash cow Grand Theft Auto Online, which Take-Two unit Rockstar Games noted attracted a record number of players (which likely led to more spending on in-game goods, KeyBanc says).
- KeyBanc now expects EPS of $1.22 for the holiday quarter; Street expectations according to Capital IQ are $0.96 in EPS, on revenues that hit $659.2M.
- Source: Dow Jones
KeyBanc: 'GTA' update should provide strong holiday for Take-Two
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Take-Two Interactive Software, Inc. |