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Take Two Interactive Software
advanced on Wednesday following a report that the hotly-anticipated next installment of the Grand Theft Auto videogame franchise may be announced this week. The company reports earnings later in the day.
Take Two’s (ticker: TTWO) Rockstar Games division plans to announce Grand Theft Auto VI as early as this week, then publish a trailer for the game next month, Bloomberg reported, citing anonymous sources. Grand Theft Auto is among the biggest franchises in gaming, and hints about the release of the next iteration have been a meaningful catalyst for Wall Street’s outlook for Take Two stock.
Take Two stock gained 8% in premarket trading on Wednesday.
Investors can expect more moves in the day ahead. Take Two will release quarterly results after the closing bell, with the company expected among analysts surveyed by FactSet to report earnings of $1.03 a share on revenue of $1.4 billion in the three months ended Sept. 30, its second fiscal quarter.
Write to Jack Denton at [email protected]
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