NEW YORK, May 20, 2015 /PRNewswire/ -- Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) rallied 18% on Tuesday. The stock appears attractively priced for a potential rebound in the company's fundamentals.
On May 18, 2015, Take-Two reported better than expected results for the fourth quarter of fiscal year 2015. Revenues grew 54% over the fourth quarter of 2014 to $300.1 million. Cash and short-term investments grew to $1.098 billion up from$976.6 million as of December 31, 2014. Non-GAAP EPS grew to $0.49 per share vs $0.21 a year ago. Additionally, the company's Board of Directors approved an increase to its share repurchase authorization up to an aggregate of 10 million shares of TTWO.
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