Take-Two Interactive Software, Inc. (NASDAQ: TTWO) has posted results well above estimates. It reported $539.8 million in net revenues, up more than 150% from last years $205.4 million due to the explosive Grand Theft Auto IV hit. The company’s net income came in at $98.2 million, or $1.29 EPS. First Call had revenue estimates at $499.1 million and earnings at $1.13 EPS.
The company noted that Grand Theft Auto IV sold 6 million units globally in the first week and that through May 31 it has sold some 11 million units to retailers and 8.5 million have been sold through to customers.
Guidance was put at $325 to $375 million in revenues and $0.45 to $0.55 EPS for next quarter, while First Call is $325.5 million in revenues and $0.33 EPS. It offered fiscal October-2008 guidance at $1.4 Billion to $1.5 Billion in revenues and $1.65 to $1.85 EPS, while First Call estimates are $1.41 Billion in revenues and $1.53 EPS.
Shares closed up 1.2% at $27.65 in regular trading, yet it appears that shares are flat in after-hours trading.
Jon C. Ogg
June 5, 2008
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
