U.S. Markets closed

Take-Two: Fiscal 4Q Earnings Snapshot

NEW YORK (AP) _ Take-Two Interactive Software Inc. (TTWO) on Wednesday reported fiscal fourth-quarter net income of $122.7 million.

On a per-share basis, the New York-based company said it had net income of $1.07. Earnings, adjusted for one-time gains and costs, came to $1.66 per share.

The results beat Wall Street expectations. The average estimate of 21 analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The publisher of "Grand Theft Auto" and other video games posted revenue of $760.5 million in the period. Its adjusted revenue was $729.4 million, also beating Street forecasts. Twenty analysts surveyed by Zacks expected $577.4 million.

For the year, the company reported profit of $404.5 million, or $3.54 per share. Revenue was reported as $2.99 billion.

For the current quarter ending in July, Take-Two said it expects revenue in the range of $800 million to $850 million.

The company expects full-year earnings to be $2.60 to $2.85 per share, with revenue ranging from $2.55 billion to $2.65 billion.

Take-Two shares have risen 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $146.84, a climb of 43% 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