(Update to include the stock movement in the headline and first paragraph, and details about the Grand Theft Auto VI launch in the eighth paragraph.)
Take-Two Interactive Software (TTWO) shares rose more than 5% in premarket Friday trading after fiscal Q4 results beat analysts' estimates.
The company reported fiscal Q4 loss late Thursday of $0.32 per diluted share, narrowing from a loss of $21.08 a year earlier.
Analysts polled by FactSet expected a loss of $0.57.
Revenue for the quarter ended March 31 rose to $1.68 billion from $1.58 billion a year earlier.
Analysts surveyed by FactSet expected $1.55 billion.
The company set fiscal Q1 loss guidance of $0.23 to $0.15 per diluted share and revenue guidance of $1.45 billion to $1.50 billion. Analysts expect a loss of $0.40 and revenue of $1.48 billion.
The company set full-year fiscal 2027 earnings guidance of $0.55 to $0.75 per diluted share and revenue of $7.90 billion to $8.10 billion. Analysts expect EPS of $2.43 and revenue of $9.13 billion.
The company said it expects record operating performance in fiscal 2027, driven by the Nov. 19 launch of Grand Theft Auto VI and continued portfolio execution.
Price: $251.62, Change: $+13.54, Percent Change: +5.69%