Comment
0
Tweet
0
Print
RSS Feeds

Take-Two Reports Stronger Q4, 2013

Tuesday - 5/14/2013, 5:10am  ET

The top and bottom lines have improved for Take-Two Interactive , which has released its Q4 and fiscal 2013. For the quarter, net revenue was just under $300 million, more than double the $148 million the video-game company posted in the same period the previous year. The bottom line flipped to a profit of $22 million ($0.24 per diluted share) from Q4 2012's net loss of $67 million ($0.79).

The most recent quarter's results edged past analyst expectations of $0.23 in EPS and exceeded the average projection of $280 million for the top line.

For the full year, net revenue also saw a boost, to $1.2 billion from 2012's figure of $826 million. Net loss was much narrower, landing at $29 million ($0.34 per diluted share) for the year after fiscal 2012's shortfall of $109 million ($1.31).

Take-Two is currently riding a wave of popularity, with strong titles in the pipeline. Its subsidiary, 2K, released BioShock Infinite in late March to largely positive reviews and robust sales. Meanwhile, the company's Rockstar Games will launch the latest entry in the popular Grand Theft Auto series in mid-September.

This article was originally published as Take-Two Reports Stronger Q4, 2013on Fool.com

Copyright © 2009 The Motley Fool, LLC. All rights reserved.