Take-Two, a US video game publisher, released its fiscal 2012 second-quarter earnings report. The report shows that Take-Two second quarter net income of 273.1 million US dollars, up 107% over the same period last year increased 155%; net loss of 12.4 million US dollars, a net loss of 47.4 million US dollars last year narrowed. Take-Two's second-quarter results surpassed Wall Street analysts' estimates, pushing its share price up nearly 3%.
For the quarter ended September 30, Take-Two net loss of 12.4 million US dollars, a loss of 15 cents per share, the performance is better than the same period last year. Second quarter fiscal 2012, Take-Two net loss of 47.3 million US dollars, a loss of 57 cents per share. Not in accordance with GAAP, Take-Two second-quarter adjusted net profit of 10.2 million US dollars, earnings per share of 0.11 US dollars, the performance is better than the same period last year. Not in accordance with GAAP, Take-Two second quarter 2012 net loss of 39.4 million US dollars, a loss of 47 cents per share.
Take-Two second-quarter adjusted earnings per share better than analysts had expected. Thomson Reuters survey showed that the survey of 19 analysts on average expected Take-Two second-quarter loss of 18 cents per share.
Take-Two second-quarter net revenues of 273.1 million US dollars, 107 million more than the same period last year increased 155%. Not in accordance with GAAP, Take-Two second quarter net income of 288 million US dollars. Thomson Reuters survey showed that analysts on average expected Take-Two second-quarter revenue of 240.666 million US dollars.
Strauss Zelnick, chairman and chief executive officer at Take-Two, said: "Take-Two's second-quarter revenue and earnings exceeded our expectations due to Borderlands 2) A burst of success has been achieved, as well as the strong demand for our catalog and digital delivery of products, and we still expect the FY12 results to deliver revenue growth and profit growth (not in accordance with GAAP) In addition, Grand Theft Auto V will be available in the spring of 2013, so we expect revenue and profit to grow substantially in FY14. "
Take-Two expects third-quarter earnings per share of 45 cents to 60 cents, less than the average earnings per share of Wall Street analysts expected 73 cents; revenues of 325 million to 3.75 One hundred million US dollars, less than analysts expected average of 434.15 million US dollars. Take-Two also estimates that revenues for the 2013 fiscal year ending March 31 of next year, excluding GAAP, were $ 1.1 billion to $ 1.2 billion less than the company's previously expected $ 1.7 billion to $ 1.8 billion, Also below analysts 'expectations of an average of $ 1.78 billion; earnings per share were 0 cents to 20 cents, below analysts' expectations of an average of $ 1.75 to $ 2.
On the same day, Take-Two shares rose $ 0.29 to $ 11.00, or 2.71%, on the Nasdaq pre-8:18 (GMT 20:18) ET. Over the past 52 weeks, Take-Two highest price of 16.99 US dollars, the lowest is 7.37 US dollars.