NEW YORK (AP) — NEW YORK (AP) — Take-Two Interactive Software Inc. (TTWO) on Wednesday reported a loss of $543.6 million in its fiscal second quarter.
The New York-based company said it had a loss of $3.20 per share. Earnings, adjusted for one-time gains and costs, came to $1.23 per share.
The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The publisher of "Grand Theft Auto" and other video games posted revenue of $1.3 billion in the period. Its adjusted revenue was $1.44 billion, which also topped Street forecasts. Sixteen analysts surveyed by Zacks expected $1.43 billion.
Take-Two expects full-year revenue in the range of $5.45 billion to $5.55 billion.
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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