Actionable news
0
All posts from Actionable news
Actionable news in TTWO: Take-Two Interactive Software, Inc.,

Take-Two reports 2Q loss

NEW YORK (AP) _ Take-Two Interactive Software Inc. (TTWO) on Tuesday reported a fiscal second-quarter loss of $2.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of 3 cents. Earnings, adjusted for stock option expense and amortization costs, came to 52 cents per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The publisher of "Grand Theft Auto" and other video games posted revenue of $443.6 million in the period. Its adjusted revenue was $577 million, topping Street forecasts. Six analysts surveyed by Zacks expected $516.9 million.

For the current quarter ending in January, Take-Two said it expects revenue in the range of $610 million to $660 million.

Take-Two shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $106.39, more than doubling in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTWO at https://www.zacks.com/ap/TTWO


More