NewzNEW YORK (AP) — NEW YORK (AP) — Take-Two Interactive Software Inc. (TTWO) on Friday reported a loss of $34.1 million in its fiscal first quarter. On a per-share basis, the New York-based company said it had a loss of 18 cents.
Earnings, adjusted for one-time gains and costs, were 36 cents per share. The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The publisher of “Grand Theft Auto” and other video games posted revenue of $1.53 billion in the period. Its adjusted revenue was $1.39 billion, also surpassing Street forecasts. Fifteen analysts surveyed by Zacks expected $1.35 billion.
For the current quarter ending in September, Take-Two said it expects revenue in the range of $1.62 billion to $1.67 billion. The company expects full-year earnings to be 55 cents to 75 cents per share, with revenue ranging from $8 billion to $8.2 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on TTWO at https://www.zacks.com/ap/TTWO Source DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Wendy’s Co. (WEN) on Friday reported second-quarter earnings of $32.6 million.
On a per-share basis, the Dublin, Ohio-based company said it had profit of 17 cents. Earnings, adjusted for non-recurring costs, came to 18 cents per share. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
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