=Take-Two (TTWO) reported earnings on Wed 2 Nov 2016 (a/h)

Take-Two beats by $0.15, beats on revs; guides Q3 EPS below consensus, revs below consensus; reaffirms FY17 EPS, revs guidance  :

• Reports Q2 (Sep) earnings of $0.45 per share, excluding non-recurring items, $0.15 better than the Capital IQ Consensus of $0.30; revenues rose 21.1% year/year to $420.17 mln vs the $402.47 mln Capital IQ Consensus.
• During fiscal second quarter 2017, total bookings, which represents the total amount billed by the Company from sales of physical product sold-in to retail and available to consumers, net of allowances, plus product digitally-delivered to consumers during the period, grew 28% to $452.8 million, as compared to $353.0 million during fiscal second quarter 2016.
• Co issues downside guidance for Q3, sees EPS of $0.30-0.40 vs. $1.05 Capital IQ Consensus Estimate; sees Q3 revs of $475-525 mln vs. $649.59 mln Capital IQ Consensus Estimate; sees bookings of $650-700 mln
• Co reaffirms guidance for FY17, sees EPS of $2.00-2.25 vs. $1.26 Capital IQ Consensus Estimate; sees FY17 revs of $1.75-1.85 bln vs. $1.64 bln Capital IQ Consensus Estimate; sees booking of $1.6-1.7 bln (Prior $1.5-1.6 bln)
• "Looking ahead, fiscal 2018 is poised to be another strong year for our Company. We expect to grow both bookings and net cash provided by operating activities driven by our release slate led by Rockstar Games' highly anticipated launch of Red Dead Redemption 2."