Take-Two earnings miss, shares drop

Take Two Interactive Software Inc. quarterly earnings and sales came in far below analysts’ expectations in a Monday report, and shares declined in immediate after-hours trading. The video game publisher reported net loss of $67 million, or 81 cents a share, on sales of $275.3 million. After adjustments, Take-Two claimed profit of 31 cents a share. Analysts expected Take-Two to report adjusted profit of 36 cents a share on sales of $351 million. Take-Two stock fell as much as 6% after the report hit, following a loss of 1.7% to $30.94 in the regular session.

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