Take-Two Interactive Software
(TTWO - Get Report)
, the publisher of "Grand Theft Auto, posted fiscal fourth-quarter net income on Monday of $22.5 million, or 24 cents a share, a swing from a year-earlier loss of $66.8 million, or 79 cents a share.
Adjusted earnings in the quarter were 38 cents a share, topping analysts' estimates of 23 cents a share.
Adjusted revenue in the quarter rose to $303.1 million from $148.1 million a year earlier. .
Take-Two said it expects an adjusted loss of 55 cents to 70 cents share in the fiscal first quarter and adjusted revenue of $100 million to $125 million; analysts are calling for a loss of 19 cents a share on revenue of $205.1 million.
(MS - Get Report)
annual meeting is Tuesday in Purchase, N.Y., and
Chairman and CEO James Gorman
is expected to get grilled on the 19% share price decline since he joined the firm in January 2010.
-- Written by Joseph Woelfel
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