Take-Two Interactive Software (TTWO) Tops Q2 EPS by 15c; Issues Solid Outlook

Take-Two Interactive Software (NASDAQ: TTWO) reported Q2 EPS of $0.30, $0.15 better than the analyst estimate of $0.15. Revenue for the quarter came in at $364.9 million versus the consensus estimate of $319.83 million.

Take-Two Interactive Software sees Q3 2016 EPS of $0.40-$0.50, versus the consensus of $0.45. Take-Two Interactive Software sees Q3 2016 revenue of $400-450 million, versus the consensus of $452.7 million.

Take-Two Interactive Software sees FY2016 EPS of $1.00-$1.15, versus the consensus of $1.01. Take-Two Interactive Software sees FY2016 revenue of $1.325-1.425 billion, versus the consensus of $1.41 billion.

ake-Two once again delivered better-than-expected Non-GAAP revenue and earnings growth,” said Strauss Zelnick, Chairman and CEO of Take-Two. “Our second quarter results were anchored by the series record-breaking launch of NBA 2K16, along with ongoing demand for Grand Theft Auto V and strong growth in recurrent consumer spending.

“Our holiday season is off to a great start, including the successful release of WWE 2K16, and we expect the installed base of new-gen consoles to expand further and broaden our global audience. We are raising our fiscal 2016 financial outlook to reflect our outperformance in the second quarter and positive forecast for the balance of the year. With our robust development pipeline and increasing contribution from recurrent consumer spending, Take-Two is better positioned than ever to generate revenue growth and margin expansion in future years, and returns for our shareholders over the long-term.”

For earnings history and earnings-related data on Take-Two Interactive Software (TTWO) click here.

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