Take-Two's profit, sales beat Street

0 million and $315 million.

For the year ended in March 2011, Take-Two expects a profit excluding items of 50 to 65 cents a share on revenue of $1 billion to $1.1 billion. This is above the forecast of 47 cents a share on revenue of $1 billion by Arvind Bhatia, analyst at Sterne Agee.

Bhatia said investors are looking ahead to Take-Two's fiscal year 2012, when he expects a new edition of Grand Theft to be released and when there will be no overlapping months because of changes to its fiscal calendar.

Shares closed at $11.94, down 0.5 percent, on the Nasdaq on Thursday.

(Reporting by Liana B. Baker; Editing by Tim Dobbyn and Matthew Lewis)

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