Take-Two swings to 3Q profit, sales soar

For the fiscal year ending Oct. 31, however, Take-Two raised its forecast. The company expects adjusted earnings of $2.08 to $2.12 per share on sales of $1.5 billion to $1.55 billion.

Analysts are predicting earnings of $1.83 per share on sales of $1.5 billion.

Take-Two's shares climbed 22 cents to $23.45 in after-hour electronic trading after closing up 6 cents at $23.23.