The stock was lately rising 1.98% to $101.99 a share in after market trading, after having fallen 3.26% in regular hours and initially declining after the release of its report.
GAAP earnings per share came in at 50 cents for the quarter. Consensus estimates called for adjusted EPS of 75 cents, but Take Two did not disclose its adjusted EPS for the quarter. Revenue was $539 million, beating analyst's estimates of $507 million. Revenue grew 20% year-over-year.
Management guided for revenue in its first quarter 2020, ending in June of 2019, of between $485 million to $535 million, ahead of analyst's estimates of $421 million. However, GAAP EPS is expected to be between 65 cents and 75 cents, missing analyst's estimates of 86 cents.
"Take-Two finished a stellar year with strong fourth quarter operating results highlighted by the outperformance of Grand Theft Auto Online and Grand Theft Auto V, as well as NBA 2K19, and significant ongoing sales of our blockbuster hit, Red Dead Redemption 2," said Strauss Zelnick, Chairman and CEO. "For the full fiscal year, our Company delivered record Net Bookings and Adjusted Operating Cash Flow, which exceeded our outlook at the start of the year, along with strong earnings growth driven by the record-breaking launch of Red Dead Redemption 2, the outstanding performance of NBA 2K, and better-than expected results from Grand Theft Auto Online and Grand Theft Auto V."
Take Two stock is down 4% this year.