Take-Two Interactive Software, Inc. Crushes Q4 Estimates, but Shares Fall on Weak Guidance

Soure: Take-Two Games.

Video game publisher and developer Take-Two Interactive Software just reported results for the fourth quarter and full fiscal year of 2014.

Take-Two's adjusted fourth-quarter sales fell 23% year over year, landing at $233 million. Adjusted earnings dropped 45% to $0.21 per diluted share.

Analysts were looking for earnings of $0.10 per share on $203 million in revenue. Take-Two beat Street estimates on both the top and bottom lines.


Mobile releases in the popular Grand Theft Auto franchise helped lift Take-Two's results in the fourth quarter. The company also presented console titles in the Borderlands and Elder Scrolls series.

Looking ahead, the midpoint of management's guidance landed at at $0.30 net loss per share on roughly $127 million in adjusted sales. Analyst estimates for the period currently point a $0.16 net loss per share on $210 million in non-GAAP sales.

Full-year projections came in closer to the Street view, but still below consensus at the midpoint.

Take-Two CEO Strauss Zelnick underscored his company's strong full-year results, alongside upcoming releases in several core franchises. "Over the past several years, Take-Two has been transformed into a financially strong, global interactive entertainment company with numerous successful franchises across a variety of genres," Zelnick said in a prepared statement. "We also have complemented the Company's core business with growing profits from recurrent consumer spending, including add-on content, virtual currency and online gaming."

The article Take-Two Interactive Software, Inc. Crushes Q4 Estimates, but Shares Fall on Weak Guidance originally appeared on Fool.com.

Anders Bylund has no position in any stocks mentioned. The Motley Fool recommends Take-Two Interactive. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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