NEW YORK (Thomson Financial) - Take-Two Interactive Software Inc. reported
fiscal second-quarter adjusted earnings of $115.4 million, or $1.52 a share,
compared with the mean estimate of analysts surveyed by Thomson Financial of
$1.13 a share.
In the same period a year ago, the adjusted loss was $29.2 million, or 41
cents a share.
Revenue for the three months ended April 30 more than doubled to $539.8
million from $205.4 million a year ago, and topped analyst forecasts of $499.1
million, boosted by strength in sales of its Grand Theft Auto IV game.
The New York-based interactive games maker said it expects fiscal
third-quarter adjusted earnings of 45 to 55 cents a share and revenue of $325
million to $375 million, compared with analyst forecasts for earnings of 32
cents a share and revenue of $322.3 million.
For the fiscal fourth quarter, the company said it expects adjusted earnings
of 10 to 20 cents a share on revenue of $300 million to $350 million, while
analysts are projecting earnings of 46 cents a share and revenue of $339.8
million, on average.
The stock closed Thursday's regular session at $27.65, and slipped 21 cents
to $27.44 in after-hours trading.
Tomi Kilgore
tk1
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