|Take-Two posts profit, Red Dead Redemption ships 'nearly' 8 million|
Traditionally, Take-Two Interactive has lost money during years it
hasn't released a major new Grand Theft Auto product. This year turned
out to be the exception. Today, the publisher reported earnings for the
12 months ended October 31, which saw revenue rise 65 percent to $1.16
billion. The company also turned a profit of $49.7 million, way up from
the $130 million loss it suffered a year prior.|
Looking ahead, the company expects $290 million to $315 million in revenues and earnings per share of $0.25 to $0.35 for the revised current October-December quarter. For the following quarter, ending March 31, Take-Two estimates revenues of $100 million to $150 million and a loss of between $0.50 to $0.60 per share. For the full revised fiscal year ending March 31, the publisher projects revenues of $1 billion to $1.1 billion and earnings per share of $0.50 to $0.65.
For the remainder of its new fiscal year, Take-Two expects to release Top Spin 4 and Major League Baseball 2K11 during the January-March quarter. L.A. Noire has a spring 2011 release, and executives said it would not be released during its current fiscal year during a post-earnings conference call. Duke Nukem Forever has a calendar year 2011 release window, with Spec Ops: The Line and XCOM both due sometime during the company's 2012 fiscal year, which begins on April 1, 2011. Lastly, BioShock Infinite will ship sometime during calendar year 2012.
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