Take-Two Interactive Software (Nasdaq: TTWO) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q1), Take-Two Interactive Software beat expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank significantly. Non-GAAP loss per share shrank. GAAP loss per share dropped.

Margins expanded across the board.

Revenue details
Take-Two Interactive Software booked revenue of $144.3 million. The 16 analysts polled by S&P Capital IQ expected sales of $125.6 million on the same basis. GAAP reported sales were 37% lower than the prior-year quarter's $226.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.54. The 16 earnings estimates compiled by S&P Capital IQ averaged -$0.58 per share. Non-GAAP EPS were -$0.54 for Q1 compared to -$1.16 per share for the prior-year quarter. GAAP EPS were -$0.71 for Q1 versus -$1.30 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 34.2%, much better than the prior-year quarter. Operating margin was -34.7%, 990 basis points better than the prior-year quarter. Net margin was -43.4%, 560 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $805.3 million. On the bottom line, the average EPS estimate is $1.57.

Next year's average estimate for revenue is $1.86 billion. The average EPS estimate is $2.35.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,152 members out of 1,243 rating the stock outperform, and 91 members rating it underperform. Among 329 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 311 give Take-Two Interactive Software a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Take-Two Interactive Software is outperform, with an average price target of $19.17.

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