Take-Two Interactive records Q1 loss
Video game publisher Take-Two Interactive
The company's net loss was $8.7 million, or 11 cents per share, compared to a profit of $26.3 million, or 32 cents a year earlier.
Its first-quarter revenue fell 10 percent to $334.4 million, which came in below Wall Street's average estimate of $351.2 million.
For the second-quarter, Take-Two expects revenue between $70 million to $85 million and an adjusted loss between 55 cents and 65 cents per share.
For the full year, it expects revenue between $1 billion and $1.1 billion and earnings of 10 cents to 35 cents per share, which is in line with Wall Street's estimates.
(reporting by Liana B. Baker, editing by Bernard Orr)
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