Take-Two Interactive Reports Wider Loss but Upbeat Outlook
Take-Two Interactive Software Inc. posted a wider loss in its fiscal second quarter, with lower revenue and higher operating expenses straining the videogame maker’s results.
The company, though, issued upbeat guidance for the current quarter and raised its full-year outlook. The unadjusted results for the most recent period didn’t include the revenue and cost impact of the company’s best-selling “Grand Theft Auto V,” which was released two weeks before the quarter ended and whose online edition came out on the first day of the fiscal third quarter.
