Key Developments: Take-Two Interactive Software Inc (TTWO.OQ)
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Latest Key Developments (Source: Significant Developments)
Take-Two Interactive Software Inc Issues Q1 2014 Guidance Below Analysts' Estimates; Issues FY 2014 Guidance In Line With Analysts' Estimates
Take-Two Interactive Software Inc announced that for the first quarter of 2014, it expects non-GAAP net revenue to be in the range of $100 to $125 Million and NonNon-GAAP net income (loss) per diluted share to be between $(0.70) to $(0.55). For fiscal 2014, it expects Non-GAAP net revenue to be in the range of $1.75 to $1.85 billion and Non-GAAP net income (loss) per diluted share to be between $2.05 to $2.30. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $204 million and EPS of $(0.09) for the first quarter of 2014; revenue of $1.78 billion and EPS of $2.26 for fiscal 2014. Full Article
Take-Two Interactive Software Inc Issues Q4 2013 Guidance Below Analysts' Estimates; Raises Low End Of Prior FY 2013 Guidance To A Range In Line With Analysts' Estimates
Take-Two Interactive Software Inc announced that for the fourth quarter of 2013, it expects non-GAAP net revenue to be in the range of $235 to $285 Million and Non-GAAP net income per diluted share is expected to be between $0.10 to $0.25. For fiscal 2013, it expects Non-GAAP net income per diluted share to be in the range of $1.15 to $1.20 billion and Non-GAAP net income per diluted share $0.05 to $0.20. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $303 million and EPS of $0.36 for the fourth quarter of 2013; revenue of $1.77 billion and EPS of $0.15 for fiscal 2013. Full Article
Take-Two Interactive Software Inc Issues Q3 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance
Take-Two Interactive Software Inc announced that for third quarter of 2013, it expects Non-GAAP Net revenue in the range of $325 to $375 Million and Non-GAAP net income per diluted share in the range of $0.45 to $0.60. For fiscal 2013, it expects non-GAAP net revenue to be in the range of $1.10 to $1.20 Billion and Non-GAAP net income per diluted share in the range of breakeven to $0.20. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $413 million and EPS of $0.67 for third quarter of 2013; revenue of $1.77 billion and EPS of $1.94 for fiscal 2013. Full Article
Take-Two Interactive Software, Inc. Issues Q2 2013 Below Analysts' Estimates, Lowers FY 2013 Guidance
Take-Two Interactive Software, Inc. announced that for the second quarter of 2013, it expects net revenue of $200-$250 million and non-GAAP net income (loss) per diluted share (EPS) of ($0.30)-($0.15). For fiscal 2013, it expects revenue to be in the range of $1.70-$1.80 billion and EPS of $1.75-$2.00. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $240 million and EPS of $0.09 for second quarter of 2013; revenue of $1.81 billion and EPS of $2.25 for fiscal 2013. Full Article
Take-Two Interactive Software, Inc. Issues Q1 2013; Revenue Guidance Below Analysts' Estimates; FY 2013 Guidance; EPS Guidance Below Analysts' Estimates
Take-Two Interactive Software, Inc. announced that for the first quarter of 2013, it expects net Revenue of $225 to $275 million and non-GAAP net income (loss) per diluted share of ($0.75) to ($0.60). For fiscal 2013, it expects revenue to be in the range of $1.75 to $1.85 billion and EPS of $2.00 to $2.25. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $302 million for the first quarter of 2013; revenues of $1.80 billion and EPS of $2.77 for fiscal 2013. Full Article
IP E-Game Ventures, Inc's Subsidiary Signs Publishing Agreement With Take-Two Interactive Software Inc's Subsidiary
IP E-Game Ventures, Inc announced that its subsidiary, X-Play Online Games Incorporated signed an exclusive local publishing agreement with Take-Two International S.A., a subsidiary of Take-Two International Software Inc, for an online sports social web game. The said online social web game will be locally hosted and operated in the Philippines. The company is expected to increase its publishing revenues from the new title. Full Article
Take-Two Interactive Software, Inc. Issues Q4 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance
Take-Two Interactive Software, Inc. announced that for the fourth quarter of 2012, it expects net Revenue of $112 to $162 million and non-GAAP net income (loss) per diluted share of ($0.65) to ($0.50). For fiscal 2012, it expects revenue to be in the range of $790 million to $840 million and EPS of ($0.75) to ($0.60). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $(0.11) on revenues of $185 million for the fourth quarter of 2012; EPS of $(0.28) on revenues of $874 million for fiscal 2012. Full Article
IP E-Game Ventures, Inc.'s Subsidiary Signs Exclusive Publishing Agreement With Take-Two Interactive's Subsidiary
IP E-Game Ventures, Inc. announced that its subsidiary, X-Play Online Games Incorporated (X-Play) signed an exclusive publishing agreement with Take-Two International S.A. (Take-Two) for an online sports game. The said online game will be locally hosted and operated in the Philippines. Take-Two is a subsidiary of Take-Two Interactive (Nasdaq:TTWO). Full Article
Take-Two Interactive Software, Inc. Announces Closing Of $250 Million Of Convertible Senior Notes In Private Offering
Take-Two Interactive Software, Inc. announced the closing of its previously announced private offering of $250 million aggregate principal amount of 1.75% convertible senior notes due 2016. The offering included $30 million of notes issued pursuant to the exercise in full by the initial purchasers of their option to cover over-allotments. The net proceeds from the sale of the notes will be used for general corporate purposes, which may include acquisitions and other strategic investments and the refinancing of indebtedness. Full Article
Take-Two Interactive Software, Inc. Announces Pricing Of $220 Million Of Convertible Senior Notes In Private Offering
Take-Two Interactive Software, Inc. announced the pricing of $220 million of 1.75% convertible senior notes due 2016. In addition, the Company has granted the initial purchasers the option to purchase up to an additional $30 million of notes on the same terms and conditions to cover over-allotments. The Company had originally announced plans to issue $200 million aggregate principal amount of convertible senior notes due 2016. The notes will pay interest semi-annually at a rate of 1.75% per annum and will mature on December 1, 2016. The notes will be convertible under certain circumstances and during certain periods at an initial conversion rate of 52.3745 shares of the Company’s common stock per $1,000 principal amount of notes (representing an initial conversion price of approximately $19.09 per share of common stock). The net proceeds from the sale of the notes will be used for general corporate purposes, which may include acquisitions and other strategic investments and the refinancing of indebtedness. The closing of the convertible senior notes offering is expected to occur on November 16, 2011, subject to the satisfaction of customary closing conditions. Full Article
Take-Two revenue and earnings beat Street, shares rise
SAN FRANCISCO - Take-Two Interactive Software Inc reported better-than-expected revenue and earnings in the fourth quarter driven by strong sales of "Borderlands 2," and assured investors that its flagship "Grand Theft Auto V" title was on track for the holidays.
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