Sterne Agee Raises Take-Two FY11 EPS Estimates

Sterne Agee is raising its Take-Two Interactive Software TTWO FY11 EPS estimate from $0.47 to $0.60 and its FY12 EPS estimate slightly from $1.22 to $1.25. “Recall, our FY12 estimate includes a GTA launch on the cusp of FY12/FY13 and as such we have split our earnings impact of GTA over FY12 and FY13,” Sterne Agee writes. Take-Two currently trades at $12.87.