Take-Two FY Q2 Revs Light, But EPS Tops Estimates; Shrs Rise

Take-Two Interactive (TTWO) this afternoon reported revenue for its fiscal second quarter ended April 30 of $268 million, a tad below the Street at $279.6 million, but non-GAAP profits at 34 cents were nicely ahead of the Street at 27 cents.

For Q3, the company sees revenue of $250 million to $300 million and a loss of 10-20 cents a share non-GAAP; the Street has been expecting $165.4 million and a loss of 42 cents. For Q4, TTWO sees revenue of $200 million to $250 million and a loss of 10-20 cents. For the October 2010 fiscal year, the video game publisher sees revenue of $880 million to $980 million, with a loss of 10-30 cents; the Street had been expecting $910.5 million and a loss of 40 cents.

In late trading, TTWO is up 23 cents, at $10.75.