(Source: Associated Press/AP Online)
NEW YORK - Take-Two Interactive Software Inc. issued a fiscal second-quarter outlook below Wall Street's estimates Tuesday but reiterated its full-year guidance following better-than-expected first-quarter results.
For the three months ending April 30, the video game maker expects to post an adjusted loss in the range of 10 cents to 20 cents per share on sales between $200 million and $220 million.
Analysts, on average, are predicting a profit of 3 cents per share, excluding items, on sales of $263.7 million, according to a poll by Thomson Reuters.
For the year ending Oct. 31, the company still expects per-share results to range between break even and a profit of 20 cents, excluding items, on sales of $1.1 billion to $1.25 billion.
Analysts are expecting a profit of 12 cents per share on sales of $1.14 billion, on average.
Shares closed earlier up 79 cents, or 13 percent, at $6.80.
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