Electronic Arts (EA:NASDAQ) and rival Take-Two Interactive (TTWO:NASDAQ) Software’s shares shot up in extended trading on Wednesday. Game delays were disclosed after the videogame giants raised their full-year outlooks, but the news did not come as a surprise to investors.Both companies boosted their 2021 adjusted sales forecasts as gamers remained captivated by tiles like “FIFA 22” and “Grand Theft Auto V” even as lockdown restrictions ease.STOCK EARNINGSEA stock was up 4.2% to $145.40 in after-hours trading, and Take-Two stock was up 1.1% to $186.90. Results for both firms demonstrated strength in sports games, which include in-game updates and transactions. Take-two launched “NBA 2K22” in early September, while “Marvel’s Midnight Suns” is only expected in the second half of the 2021 calendar year. It raised its annual adjusted sales outlook to between $3.3 billion and $3.4 billion, indicating strong demand for its key franchises “Grand Theft Auto V”, “NBA2K” and “Red Dead Redemption 2”. Take-Two reported fiscal second-quarter net income of $10.3 million, or 9 cents a share.EA is delaying a coming EA Sports game and is also considering renaming its top-selling soccer franchise “FIFA” as it reviews a rights agreement with the sport’s international governing body. The company (EA) reported fiscal second-quarter net income of $294 million, or $1.02 per share, and said that EA Sports games and the Apex Legends shooter game were the quarter’s primary drivers. In the earnings release, CEO Andrew Wilson said:“This was the strongest second quarter in the history of Electronic Arts, with more players around the world joining and engaging in our leading franchises, new launches, and live services”.Despite the game delays, both companies raised their outlooks for net bookings. EA expects full fiscal-year net bookings of $7.63 billion, compared to Wall Street’s consensus estimate of $7.55 billion. Take-Two expects full fiscal-year net bookings of approximately $3.35 billion compared to consensus expectations of $3.43 billion. To learn more about stock trading, visit MEXEM.Resources: https://www.investing.com/news/economy/ea-taketwo-boost-sales-view-as-gaming-boom-going-strong-2667129 https://www.barrons.com/articles/ea-take-two-stock-earnings-videogame-delays-51635982219