Take-Two Nails It, Shares up 13% After-Hours

Mastery favorite Take-Two Interactive Corp. (NASDAQ:TTWO) just pulled off something incredible, they just posted a quarterly profit.  The shorts are scrambling as TTWO shares are now up 13% after-hours.

Thanks to Red Dead Redemption Take-Two raised its outlook for the Q4 2010 said it expects to be profitable for the full fiscal year, after previously forecasting a net loss. Believe it or not Red Dead Redemption sales are now up to 6.9 million units shipped, we'll have to wait and see if MAFIA II will be a hit.

Here's the lowdown via Benzinga.com -- Take-Two Interactive Software Inc. (NASDAQ: TTWO) reports Q2 EPS of $0.28 versus estimates of $0.09 loss. Take-Two Interactive Software Inc. reports revenues of $354.1 million versus estimates of $294.67 million.

Next quarter TTWO sees revenue of $270-$320 million, with a non-GAAP profit of 20-30 cents per share.

The company previously guided revenues of $200-$250 million and a loss of 10-20 cents per share.

The company now expects full year revenues of $1.05-$1.1 billion, and a profit of 60-70 cents a share. This handily beats the previous guidance of $810-$950 million and a loss of 10-30 cents per share.

Shares are currently halted in after-hours trading.

SOURCE: http://www.benzinga.com/company-news/earnings/10/09/456012/take-two-crus...

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