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Take-Two Interactive Software
TTWO posted a strong rise in its fiscal third-quarter earnings.
Take-Two's quarterly net income surged to $71.4 million, or $0.66 per share, up from $14.1 million, or $0.16 per share, in the year-ago period.
Its revenue surged to $415.8 million, from $236.3 million. Excluding one-time items, Take-Two earned $0.67 per share on revenue of $405 million in the latest period. However, analysts expected earnings of $0.55 per share on revenue of $363.9 million.
For the current period, it projects adjusted earnings of $0.10 to $0.25 per share, on revenue of $235 million to $285 million. However, analysts expected earnings of $0.36 per share on revenue of $301.6 million.
Take-Two shares gained 6.64% to $13.50 in after-hours trading.
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