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
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.