Cramer Praises Take-Two's Transparency, Chats With CEO
Summary
Take-Two Interactive Software, Inc (NASDAQ: TTWO) reported last week fiscal third-quarter results which included a disappointing outlook. CNBCs Jim Cramer said Monday on "Mad Money" that management deserves credit for being "amazingly transparent" in its performance and outlook. Take-Twos fiscal third quarter report includes a lot of good news as its results fell inline with expectations that were twice raised since the start of the fiscal year, company CEO Strauss Zelnick told Cramer in an interview. First, investors have gotten used to "only great news" coming out of the "NBA" franchise but management said it doesnt expect the game to achieve any new records this year, but will still be very profitable for the company. But The upcoming next-generation video game console launch in late 2020 represents a "big leap forward" based on multiple technological advances, he said.