Take-Two sales top forecasts on blockbuster 'Grand Theft Auto V'
SAN FRANCISCO Oct 29 (Reuters) - Take-Two Interactive Software posted a 341 percent rise in revenue in its latest quarter, driven by the record-breaking success of its "Grand Theft Auto V" and and beat Wall Street expectations.
Take-Two, which also publishes "BioShock Infinite," said net revenue was $1.27 billion in the fiscal second quarter ended Sept 30, compared to $288 million a year ago.
That beat the $954 million average estimate of analysts polled by Thomson-Reuters I/B/E/S.
Its net income was $325.6 million, or $2.49 per share, compared with a net income of $10.2 million, or 11 cents per share, a year earlier. Net income also beat the Street's view of $1.71 per share, according to Thomson-Reuters I/B/E/S. (Reporting by Malathi Nayak; Editing by David Gregorio)
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