Boston, MA 05/14/2014 (wallstreetpr) – Take-Two Interactive Software Inc. (NASDAQ:TTWO) released its fourth quarter report on May 13, 2014. TTWO reported that it incurred GAAP net loss from continuing operations of $30.8 million, or $0.40 per share in the fourth quarter. In comparison to this, the Take-Two Interactive Software Inc. reported net income from continuing operations of $21.2 million, or $0.23 per share. However, the net income was for the annual period. The Non-GAAP net income, as reported by the company was $21.5 million or $0.21 per share for the fourth quarter.
What Did Analysts Poll About Take-Two Interactive Software Inc. Quarterly Results?
Thomson Reuters polled various analysts and on an average, 20 of these analysts expected Take-Two Interactive Software Inc. (NASDAQ:TTWO) to report $0.10 profit per share for the fourth quarter. However, it is important to mention that the estimates of the analysts do not include special items.
Other Details Reported By Take-Two Interactive Software Inc.
Take-Two Interactive Software Inc. (NASDAQ:TTWO) also reported that the GAAP net revenue was $195.21 million in comparison to $299.49 million for fiscal fourth quarter 2013. Nevertheless, in the fiscal fourth quarter 2013, the company had benefited from BioShock Infinite release.
On the other hand, the Non-GAAP net revenue was $233.2 million in comparison to $303.1 million for fiscal fourth quarter 2013. In this case, the analysts had expected the revenue of $202.51 million for the fourth quarter.
Initial Financial Outlook For Its First Quarter And Fiscal Year 2015
At the same time, Take-Two Interactive Software Inc. gave the first financial outlook for the first quarter and financial year 2015. In its first quarter, Take-Two expects a non-GAAP net loss per share of $0.35 to $0.25 and also a non-GAAP revenue of $120 million to $135 million. In the meanwhile, the analysts are of the view that the company would report its first quarter loss per share of $0.16 on revenue of $209.65 million.
As far as the annual expectation of 2015 is concerned, Take-Two Interactive Software Inc. (NASDAQ:TTWO) expects a non-GAAP net income per share of $0.80 to $1.05 while registering a non-GAAP revenue of $1.35 billion to $1.45 billion. In this case, the analysts opine that Take-Two will register fiscal 2015 earnings per share of $1.04 on revenue of $1.39 billion.
