Take Two Crushes Earnings, Raises Guidance (TTWO)

Take-Two Interactive Software Inc. (NASDAQ: TTWO) reports Q2 EPS of $0.28 versus estimates of $0.09 loss. Take-Two Interactive Software Inc. reports revenues of $354.1 million versus estimates of $294.67 million.

Next quarter TTWO sees revenue of $270-$320 million, with a non-GAAP profit of 20-30 cents per share.

The company previously guided revenues of $200-$250 million and a loss of 10-20 cents per share.

The company now expects full year revenues of $1.05-$1.1 billion, and a profit of 60-70 cents a share. This handily beats the previous guidance of $810-$950 million and a loss of 10-30 cents per share.

Shares are currently halted in after-hours trading.