Media

Grand Theft Auto IV Leads Take-Two (TTWO)

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

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.