Take-Two Interactive managed to double its net income over the third quarter after copies of the latest Grand Theft Auto flew off the shelves. But the earnings win wasn’t enough to save shares from selling off on weak fourth-quarter guidance. The video game publisher expects earnings to break even at 10 cents a share for the quarter ending March, compared to analyst expectations of 13 cents a share. Revenue is expected in the range of $170 to $200 million, compared to consensus of $211 million.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
