NEW YORK (AP) _ Take-Two Interactive Software Inc. (TTWO) on Thursday reported fiscal second-quarter profit of $71.8 million.
On a per-share basis, the New York-based company said it had profit of 63 cents. Earnings, adjusted for non-recurring costs and stock option expense, were $1.89 per share.
The results beat Wall Street expectations. The average estimate of 20 analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The publisher of "Grand Theft Auto" and other video games posted revenue of $857.8 million in the period. Its adjusted revenue was $950.5 million, which also beat Street forecasts. Eighteen analysts surveyed by Zacks expected $919 million.
For the current quarter ending in January, Take-Two said it expects revenue in the range of $860 million to $910 million.
The company expects full-year earnings to be $3.38 to $3.63 per share, with revenue ranging from $2.75 billion to $2.85 billion.
Take-Two shares have increased 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $116.91, a fall of 7% in the last 12 months.