reported revenues today that beat analyst expectations for the first-fiscal quarter ended June 30. This means that revenues were surprisingly strong at a time when the video game publisher had no major releases.
This also means that ongoing stalwarts such as Grand Theft Auto Online and Grand Theft Auto V continue to prop up sales, even as the hot release of the fall, , isn’t doing as well as might be expected. The company’s stock price fell 5% today after called out video games for contributing to a culture that glorifies violence. But the stock has risen to $123.05 a share, up 6.7%, in after-hours trading.
Analyst had expected non-GAAP earnings per share of 4 cents on revenue of $356.9 million. But Take-Two reported