NEW YORK (AP) — NEW YORK (AP) — Take-Two Interactive Software Inc. (TTWO) on Thursday reported a loss of $262 million in its fiscal first quarter.
The New York-based company said it had a loss of $1.52 per share. Earnings, adjusted for non-recurring costs and stock option expense, were 5 cents per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The publisher of “Grand Theft Auto” and other video games posted revenue of $1.34 billion in the period. Its adjusted revenue was $1.22 billion, falling short of Street forecasts. Thirteen analysts surveyed by Zacks expected $1.24 billion.
For the current quarter ending in September, Take-Two said it expects revenue in the range of $1.42 billion to $1.47 billion.
The company expects full-year revenue in the range of $5.55 billion to $5.65 billion.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
