Videogame publisher Take-Two Interactive Software Inc has reported a quarterly loss that turned out to be much smaller than expected, as well as revenue that toped forecasts. However, Take-Two’s shares are down slightly as the company releases a less-optimistic forecast for the rest of the current quarter.
 
Take-Two, publisher of the immensely popular Grand Theft Auto series, stated today that it remains wary due to weak consumer spending and cautiousness on the part of retailers. While Take-Two may get more business thanks to recent price cuts on videogame consoles on Microsoft and Sony’s part, the company has been reluctant to increase …read more

Take-Two Interactive, the video game publisher whose subsidiary, Rockstar, produced the massively popular Grand Theft Auto series, has trimmed its revenue forecast for the year and delayed the release of two games. Still, the company has reported surprisingly strong quarterly results.
Whereas the company had previously predicted revenues of $1.1 billion to $1.25 billion, Take-Two Interactive has now lowered its forecasts to a value somewhere between $1.05 billion and $1.1 billion. According to Take-Two, the fourth quarter will be crucial as it plans to release Grand Theft Auto: Episodes from Liberty City on the Xbox 360.
The company has lost $10.1 million …read more