Tuesday, January 17, 2012

Take-Two Interactive (NASDAQ:TTWO) Sells Off On "Max Payne 3" Delay, Sees FY 2 (potential upside 23.4%)012 Loss

Uploaded by on Jan 17, 2012
Shares of Take-Two Interactive (NASDAQ:TTWO) are trading slightly lower premarket, down 3.4%, after the company said it plans to introduce Max Payne 3 in May, vs. its prior release date in March.

Take Two said it expects to turn in a net loss for FY 2012, with its net revenue coming in $210 million - $230 million lower this year.

The company sees FY 2013 adjusted EPS over $2, vs. consensus estimates of $2.59.

The firm's Q3 results are due out February 2nd.

Take-Two Interactive Software (NASDAQ:TTWO) has potential upside of 23.4% based on a current price of $14.50 and an average consensus analyst price target of $17.90.

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