Take-Two Interactive tops Q1 estimates on strong mobile and live services growth

Take-Two Interactive Software Inc (NASDAQ:TTWO) reported stronger-than-expected fiscal first quarter results, driven by robust performances in mobile gaming and live services, prompting Wedbush to raise its price target and reaffirm its bullish outlook.  The company reported revenue of $1.5 billion, above Wall Street estimates of $1.35 billion and Take-Two's guidance of $1.35 billion to $1.4 billion.