Take-Two Interactive Software Posts Q4 Loss - Quick Facts

(RTTNews) - Take-Two Interactive Software Inc. (TTWO) reported a fourth-quarter GAAP net loss from continuing operations of $30.8 million, or $0.40 per share, compared to net income from continuing operations of $21.2 million, or $0.23 per share, for the year-ago period. Non-GAAP net income was $21.5 million, or $0.21 per share, for the quarter.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

GAAP net revenue was $195.21 million, compared to $299.49 million for fiscal fourth quarter 2013, which had benefited from the release of BioShock Infinite. Non-GAAP net revenue was $233.2 million, compared to $303.1 million for fiscal fourth quarter 2013. Analysts expected revenue of $202.51 million for the quarter.

Take-Two Interactive provided its initial financial outlook for its first quarter and fiscal year 2015. The company expects its first-quarter: non-GAAP revenue of $120 million to $135 million; and a non-GAAP net loss per share of $0.35 to $0.25. Analysts expect the company to report a first-quarter loss per share of $0.16 on revenue of $209.65 million. The company expects its 2015: non-GAAP revenue of $1.35 billion to $1.45 billion; and non-GAAP net income per share of $0.80 to $1.05. Analysts expect the company to report fiscal 2015 earnings per share of $1.04 on revenue of $1.39 billion.