Take-Two Interactive Reports Wider Loss (TTWO)

Take-Two Interactive TTWO released its fiscal fourth-quarter earnings results after the closing bell on Tuesday. The company reported a GAAP loss of $22.05, or $0.27 per share, compared to a loss of $9.8 million, or $0.13 per share, in the year ago period. On an adjusted, or non-GAAP basis, the company's net loss was $14.4 million, or $0.18 per share, versus non-GAAP net income of $3 million, or $0.04 per share, in last year's corresponding quarter. Analysts had expected that the company would post an EPS loss of $0.41. Revenues came in at $182.3 million, versus $233.2 million in last year's fourth quarter. This compares to Wall Street analysts' consensus revenue estimates of $145.72 million. For the first-quarter, TTWO sees non-GAAP earnings in the range of $0.00 - $0.10 per share and revenues of $325 - $375 million. Analysts expect the company to report earnings of $0.11 per share on revenues of $285.69 million for the first-quarter TTWO sees fiscal 2012 non-GAAP earnings to be in the range of $0.10 - $0.35 per share and revenues in the range of $1.0 billion - $1.1 billion. Analysts currently expect the company to report revenues of $1.29 billion for the first quarter. In the after hours trading session, TTWO shares have added 0.12% to $16.10.