Take-Two Outlook Dims as Sales are Down
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The video-game publisher Take-Two beat estimates in its second quarter, but sales fell from a year ago, and the company guided lower for the coming quarter, as it announced a restructuring plan to cut expenses by $25 million at the end of fiscal 2008.
Revenue for the second quarter was $205.4 million, a decrease from $265.1 million a year ago, but better than analysts’ polled by Thomson Financial forecast of $204.4 million.
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