WASHINGTON (dpa-AFX) - Take-Two Interactive Software Inc. (TTWO) Monday reported fourth-quarter profit of $22.4 million or $0.24 per share, compared to a loss od $66.8 million or $0.79 per share in the same quarter last year.
Adjusted net income for the quarter was $42.8 million or $0.38 per share, compared to a net loss of $50.9 million or $0.60 per share in the prior year. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter surged to $299.48 million from $148.08 million in the same quarter last year. Analysts estimated revenues of $280.36 million for the quarter.
Looking forward to the first quarter, the company expects adjusted loss in a range of $0.70 to $0.55 per share, on revenues between $100 million to $125 million. Analysts expect the company to lose $0.03 per share for the quarter, on revenues between $217.25 million.
The company now expects full-year 2014 adjusted income of $2.05 to $2.30 per share, on revenues of $1.75 billion to $1.85 billion. Analysts expect the company to lose $2.26 per share on revenues of $1.78 billion.
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