TTWO color: 8:16 EDT - Take-Two (TTWO) shares up 6.2% premarket after
better-than-expected F4Q results late yesterday. Piper Jaffray notes sales and
EPS upside driven by "BioShack Infinite" game, but more importantly, TTWO
"re-confirmed the 9/17 release of Grand Theft Auto V and gave favorable FY14
guidance." Focus now on GTA launch and next-generation gaming consoles from
Microsoft (MSFT) and Sony (SNE). On Grand Theft Auto V, a bullish Wedbush notes
TTWO "will enjoy over 6 months of its fiscal year with the game in stores,"
contrasting with prior releases, "which typically came out near fiscal year-end
and which did not benefit from holiday sales in the same fiscal year as
launch." (john.shipman@dowjones.com)
