Take-Two Interactive Delays Games and Misses Target
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Take-Two Interactive warned Thursday that its bottom line for its fiscal third and fourth quarters will likely fall short of analysts’ targets. It’s been a rough year for video game companies without a doubt.
Not only did the company forecast disappointing earnings, but it also slightly missed analysts’ revenue targets for the third quarter and is again delaying a title from its Rockstar studio, which will affect fourth-quarter sales. What’s more, the company warned that it has been hit with grand jury subpoenas related to its past options practices, and that it doesn’t expect to file its quarterly report in time to meet regulatory requirements.
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