Plus   Neg

Take-Two Interactive Updates FY18 Outlook - Quick Facts

Take-Two Interactive Software, Inc. (TTWO) announced, as a result of its strong fiscal third quarter 2018 results and increased outlook for the fiscal fourth quarter, the company increased fiscal 2018 outlook for Net Bookings. The company also increased its outlook for GAAP net revenue and GAAP net income. GAAP net revenue is now expected to range from $1.80 to $1.85 billion. Net Bookings (operational metric) are expected to range from $1.99 to $2.04 billion. GAAP net income is expected to range from $170 to $181 million, and GAAP net income per share is expected to range from $1.50 to $1.60.

For the fourth quarter ending March 31, 2018, the company expects: GAAP net revenue to range from $460 to $510 million, net bookings (operational metric) to range from $410 to $460 million; GAAP net income to range from $87 to $99 million; and net income per share to range from $0.73 to $0.83.

During fiscal third quarter 2018, total net bookings were $653.9 million, as compared to $744.8 million during last year's fiscal third quarter, which had benefitted from the launches of Mafia III and Sid Meier's Civilization VI. Net revenue grew to $480.8 million, as compared to $476.5 million in last year's fiscal third quarter. Net income was $25.1 million, or $0.21 per share, as compared to a net loss of $29.8 million, or $0.33 per share, for the comparable period last year. The company noted that its net income reflects $11.9 million of incremental income tax expense, or approximately $0.10 per share, due to the application of the Tax Cuts and Jobs Act, enacted on December 22, 2017.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc.'s (AMZN) Chief Executive Jeff Bezos has told the company's employees said that the tech giant is not too big to fail, according to media reports. Shares of Nordstrom Inc. (JWN) slipped 10 percent in extended hours on Thursday after the department store chain's full-year revenue outlook fell short of Street estimates. Seattle-based Nordstrom's third-quarter profit dropped to $67 million or $0.39 per share from $114 million or $0.67 per share... Shares of Nvidia Corp. (NVDA) plunged 16% in extended session on Thursday after chip designer's third-quarter revenues and fourth quarter outlook fell short of Wall Street estimates. Santa Clara, California-based Nvidia's third-quarter profit surged to $1.23 billion or $1.97 per share from $838 million...
Follow RTT