Take-Two Interactive Software Inc Q3 Earnings Fall 53%

(RTTNews) - Take-Two Interactive Software Inc (TTWO) announced a profit for third quarter that retreated from last year.

The company said its bottom line declined to $99.68 million, or $0.89 per share. This was down from $211.60 million, or $1.87 per share, in last year's third quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 49.0% to $486.79 million. This was down from $953.98 million last year.

Take-Two Interactive Software Inc earnings at a glance:

-Earnings (Q3): $99.68 Mln. vs. $211.60 Mln. last year. -Earnings Decline (Y-o-Y): -52.9% -EPS (Q3): $0.89 vs. $1.87 last year. -EPS Decline (Y-o-Y): -52.4% -Analysts Estimate: $0.50 -Revenue (Q3): $486.79 Mln vs. $953.98 Mln last year. -Revenue Change (Y-o-Y): -49.0%

-Guidance: Next quarter EPS guidance: $0.15 - $0.25 Next quarter revenue guidance: $260 - $310 Mln Full year EPS guidance: $1.65 - $1.75 Full year revenue guidance: $1.48 - $1.53 Bln