Take-two Interactive: The Best Is Yet To Come

In Take-Two Interactive's (NASDAQ: TTWO) fiscal fourth quarter earnings release, management issued preliminary guidance for fiscal 2019 that made everyone overlook the lack of a new Red Dead Redemption game for fiscal 2018. Looking beyond the current fiscal year to fiscal 2019, Take-Two expects revenue to reach $2.5 billion on top of new releases, including Red Dead Redemption 2 and a yet unannounced title from one of Take-Two's biggest franchises (probably either a new BioShock or Borderlands game).Take-Two also expects cash flow to double to $700 million in fiscal 2019, compared to over $300 million the company reported in fiscal 2017.

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