Orlando, FL 5/23/12 (StreetBeat) -- Take-Two Interactive Software Inc. (Nasdaq: TTWO +8.15%) saw its shares jump 7.8% to $12.02 on Wednesday morning. The videogame publisher reported a wider-than-expected loss for its fourth fiscal quarter late Tuesday, along with a forecast for the current period that was below Wall Street's expectations. Analysts, however, cued in to the expected release of "Grand Theft Auto V," which many now expect to take place in March of 2013 -- the tail end of the company's fiscal year.”
Although management did not provide a release date or window for GTA V, its Fiscal '13 revenue guidance is unattainable without a huge seller from Rockstar," wrote Michael Pachter of Wedbush Securities, referring to the develepment studio behind the GTA franchise.
Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail email@example.com or call (662) 392-0740 for pricing and scheduling.