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Take-Two: Fiscal 2Q Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTWO at https://www.zacks.com/ap/TTWO