Take-Two Shoots Out the Lights

Take-Two Interactive whupped the tarnation out of its own guidance for its fiscal third quarter today, thanks largely to the success of Red Dead Redemption, the Old West action-adventure game that was released in May and has sold almost 7 million units since. Instead of coming in between $250 million and $300 million, as the company expected, Q3 revenue hit $354.1 million, and non-GAAP net income was 28 cents a share, not the predicted loss of 10 to 20 cents a share. Guidance for Q4 and the full year has been raised appropriately.