Take-Two Financials, XCOM By April 2012

Take-Two Interactive Software announces fiscal third-quarter 2011 financial results and raises their financial guidance for the full year. Along the way they announce their XCOM shooter is due in Fiscal Year 2012 (April 1, 2011-March 31, 2012), as is Spec Ops: The Line, which was announced with an October 31, 2011 release date. Here is what they report for the quarter and for year-to-date:
For the third quarter ended December 31, 2010, net revenue was $334.3 million, as compared to $360.4 million for the year-ago period. GAAP income from continuing operations was $40.8 million, or $0.45 per diluted share, as compared to $39.4 million, or $0.44 per diluted share, for the year-ago period. Non-GAAP income from continuing operations was $49.5 million, or $0.52 per diluted share, as compared to $49.2 million, or $0.53 per diluted share, for the year-ago period. Non-GAAP income from continuing operations excludes certain non-cash and non-operational gains and losses identified on the attached reconciliation of GAAP and Non-GAAP measures.

For the nine-months ended December 31, 2010, net revenue increased 80% year-over-year to $954.6 million. GAAP income from continuing operations increased to $76.2 million, or $0.88 per diluted share, as compared to a loss of ($98.4) million, or ($1.27) per share, for the year-ago period. Non-GAAP income from continuing operations increased to $108.8 million, or $1.15 per diluted share, as compared to a loss of ($67.5) million, or ($0.87) per share, for the year-ago period.