Take-Two Interactive Shares Rally After Earnings Beat

Take-Two Interactive Software Inc. shares rallied in the extended session Tuesday after the video-game publisher topped Wall Street estimates for the quarter. Take-Two shares surged 7.1% to $31.95 on moderate volume. The company reported adjusted fiscal third-quarter earnings of $1.87 a share on adjusted revenue of $954 million. Analysts surveyed by FactSet estimated $1.52 a share on revenue of $800.5 million. Take-Two sees adjusted earnings of $1.65 to $1.75 a share on revenue of $1.65 billion to $1.7 billion for the year. Analysts expect $1.38 a share on revenue of $1.52 billion for the year.