Correcting analyst estimates for the full-year 2013 to read as profit and not loss. The rest remains the same.
Take-Two Interactive Software Inc. (TTWO) Monday reported fourth-quarter profit of $22.4 million or $0.24 per share, compared to a loss of $66.8 million or $0.79 per share in the same quarter last year.
Adjusted net income for the quarter was $42.8 million or $0.38 per share, compared to a net loss of $50.9 million or $0.60 per share in the prior year. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter surged to $299.48 million from $148.08 million in the same quarter last year. Analysts estimated revenues of $280.36 million for the quarter.
Looking forward to the first quarter, the company expects adjusted loss in a range of $0.70 to $0.55 per share, on revenues between $100 million to $125 million. Analysts expect the company to lose $0.03 per share for the quarter, on revenues of $217.25 million.
The company now expects full-year 2014 adjusted income of $2.05 to $2.30 per share, on revenues of $1.75 billion to $1.85 billion. Analysts expect the company to earn $2.26 per share on revenues of $1.78 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.