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Take-Two: Fiscal 4Q Earnings Snapshot

NEW YORK (AP) _ Take-Two Interactive Software Inc. (TTWO) on Monday reported fiscal fourth-quarter earnings of $56.8 million.

On a per-share basis, the New York-based company said it had net income of 50 cents. Earnings, adjusted for one-time gains and costs, came to 86 cents per share.

The results surpassed Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The publisher of "Grand Theft Auto" and other video games posted revenue of $539 million in the period. Its adjusted revenue was $488.4 million, which fell short of Street forecasts. Sixteen analysts surveyed by Zacks expected $507 million.

For the year, the company reported profit of $333.8 million, or $2.90 per share. Revenue was reported as $2.93 billion.

For the current quarter ending in July, Take-Two said it expects revenue in the range of $485 million to $535 million.

The company expects full-year earnings to be $3.39 to $3.65 per share, with revenue ranging from $2.7 billion to $2.8 billion.

Take-Two shares have fallen almost 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $100.01, a fall of 14% 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