Take-Two Interactive Software Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 3 cents per share, compared with the S&P Capital IQ consensus estimate of 50 cents per share.
EPS fell 92.8% year over year from 41 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.5 million, a decline of 94.4% from $44.0 million in the prior-year period.
The normalized profit margin fell to 0.6% from 8.3% in the year-earlier period.
Total revenue declined 22.0% on an annual basis to $414.2 million from $531.1 million, and total operating expenses declined 10.9% year over year to $402.2 million from $451.2 million.
Reported net income totaled a loss of $42.5 million, or a loss of 51 cents per share, compared with income of $44.9 million, or 42 cents per share, in the year-earlier period.
