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‘Grand Theft Auto’ Maker Issues Soft Year Outlook

Take-Two Interactive Software Inc. reported higher revenue in its fiscal fourth quarter that came in shy of Wall Street’s forecasts after the videogame publisher felt a pinch from delaying “Grand Theft Auto V” for personal computers.

The company’s net loss under generally accepted accounting principles widened to $242.8 million, or $2.99 a share, from $30.8 million, or 40 cents a share, a year earlier.

Revenue grew 54% to…

Article source: http://www.wsj.com/articles/grand-theft-auto-maker-issues-soft-year-outlook-1431980674

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