Take-Two Reports Q3 Loss, Exceeds Earnings Expectations
Take-Two Interactive Software Inc. (TTWO) reported a fiscal third-quarter loss of $125.2 million. On a per-share basis, the company recorded a loss of 71 cents.
Adjusting for non-recurring costs and stock option expenses, earnings reached 72 cents per share, surpassing Wall Street estimates of 57 cents per share.
Despite exceeding earnings expectations, Take-Two's revenue of $1.36 billion fell short of analysts' forecasts of $1.38 billion. Adjusted revenue was $1.37 billion.
For the full year, Take-Two anticipates revenue between $5.55 billion and $5.65 billion.