Take-Two loss widens
Video-game publisher Take-Two Interactive’s net loss worsened in the fiscal fourth quarter on disappointing sales and high costs, as the company prepared for another challenging year.
The results for the maker of “Grand Theft Auto” follow its prediction a couple of weeks ago, when it sharply cut expectations for the fourth quarter. At the time, the stock fell about 30 percent. Yesterday, shares rose 15 cents to $8.25, in part because its quarterly revenue of $343.4 million was slightly higher than analysts’ expectations.
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