Take-Two Interactive Software Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 33 cents per share, compared with the S&P Capital IQ consensus estimate of $1.52 per share.
EPS declined 90.2% year over year from $3.36.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $35.1 million, a decrease of 90.6% from $375.2 million in the year-earlier period.
The normalized profit margin declined to 8.3% from 20.1% in the year-earlier period.
Total revenue fell 71.5% year over year to $531.1 million from $1.86 billion, and total operating expenses declined 63.0% year over year to $465.5 million from $1.26 billion.
Reported net income declined 91.4% from the prior-year period to $44.9 million, or 42 cents per share, from $524.7 million, or $4.69 per share.