Reuters: Global Markets: Take-Two revenue rises in fourth quarter

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Take-Two revenue rises in fourth quarter May 13th 2013, 21:10 By Malathi Nayak SAN FRANCISCO | Mon May 13, 2013 5:10pm EDT SAN FRANCISCO (Reuters) - Video game publisher Take-Two Interactive Software Inc (TTWO.O) reported higher revenue in the fourth quarter, driven by strong sales of "BioShock Infinite" and "Borderlands: 2." For the three months ended March 31, net revenue rose to $299.5 million from $148.1 million in the year-ago period. Non-GAAP net revenue, adjusted for deferred revenue and other items, more than doubled to $303.1 million from $148.1 million over the same period. That beat the $280.1 million average estimate of analysts polled by Thomson-Reuters I/B/E/S. Take-Two posted net income from continuing operations of $21.2 million, or 23 cents per share, compared with a net loss of $66 million, or 78 cents per share, a year ago. Non-GAAP income was 38 cents per share, exceeding Wall Street's view of 23 cents. Take-Two Interactive stock rose about 5 percent to $17.19 in after-hours trading after closing at $16.39 on Nasdaq.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions