Take-Two Interactive Volatile After Earnings Report

Take-Two InteractiveTTWO
shares have bounced between $19.38 and $21.60 in a volatile after-hours trading session. Revenue for the quarter was 28.4 percent lower than the same period a year ago, however the report smashed the analyst consensus by 15.73 percent. BioShock Infinite is responsible for much of the increase in revenue. EPS dropped by 44.7 percent year over year, but toppled the estimate by 110 percent at $0.21. General and administrative expenses increased significantly as a percent of sales, but marketing was greatly reduced. Looking forward, Take-Two sees first quarter EPS ranging from a $0.23 loss to a $0.35 loss. This is a huge reduction to the $0.10 loss analysts predicted. Revenue for the quarter is projected to be just $120 million to $135 million compared to the $211.3 million estimate. The full year estimate, however, is closer to the analyst consensus. The company sees EPS ranging from $0.8 to $1.05 versus $1.05 and revenue is supposed to range from $1.35 billion to $1.45 billion versus $1.37 billion. Shares have settled out just below $20, down 3.44 percent from Tuesday's close.

Posted In: EarningsNewsAfter-Hours Center

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.