Take-Two Interactive Software Inc. (NASDAQ: TTWO) reported its fiscal fourth-quarter financial results Monday after the markets closed. The video game designer had $0.49 in earnings per share (EPS) on $427.7 million in revenue, compared to Thomson Reuters consensus estimates of $0.27 in EPS on $458.94 million in revenue. The first quarter from the previous year had $0.21 in EPS on $233.16 million in revenue.

The company gave guidance for the fiscal first quarter and the 2016 fiscal year. The company expects to have between $0.25 and $0.35 in EPS for the first quarter and $0.75 to $1.00 in EPS for the fiscal year. There are consensus estimates for a net loss of $0.02 in EPS in the fiscal first quarter and $1.29 in EPS for the fiscal full year.

The largest contributors to net revenue in fiscal fourth quarter were Grand Theft Auto V and Grand Theft Auto Online, Evolve, NBA 2K15 and Borderlands: The Handsome Collection.

The company launched Grand Theft Auto V and Grand Theft Auto Online on the PC. Grand Theft Auto V has now sold-in nearly 52 million units across all major platforms, including the PC.

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The company’s board of directors has authorized an increase in the number of shares of common stock the company is permitted to repurchase, up to an aggregate of 10 million shares. As of May 15, 2015, the company had approximately 84.61 million common shares outstanding.

Strauss Zelnick, chairman and CEO of Take-Two, commented on earnings:

Fiscal 2016 is off to a great start, highlighted by the April launch of Grand Theft Auto V for the PC, which has exceeded our expectations. Throughout the coming year, we will continue to execute our proven strategy of launching a select array of the highest-quality titles, led by new annual releases of NBA 2K and WWE 2K; Battleborn, a groundbreaking new intellectual property from Gearbox Software; and a soon-to-be announced new triple-A title from 2K. We also will continue to deliver innovative offerings designed to promote ongoing engagement with our games and drive recurrent consumer spending. Beyond fiscal 2016, we have a robust development pipeline and our Company is well-positioned to deliver growth and margin expansion over the long-term.

Take-Two had cash and cash equivalents at the end of the 2015 fiscal fourth quarter of $911.1 million compared to $935.4 million in the fiscal fourth quarter of 2014.

Shares of Take-Two closed Monday down 2% at $24.20. Following the release of the earnings report shares were briefly halted, but resumed trading up 3% at $24.95 in the after-hours session. The stock has a consensus analyst price target of $33.08 and a 52-week trading range of $18.79 to $30.80.

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