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News Breaks
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January 17, 2012
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| 07:36 EDT |  | TTWO |
| theflyonthewall.com: | Take-Two says Rockstar Games to launch Max Payne 3 in May, to take charge | | This brief delay has the effect of moving the initial release of Max Payne 3 from Take-Two’s 4Q12 into 1Q13. As a result, Take-Two now expects to report a net loss for fiscal year 2012. Specifically, the Company expects this change to reduce its fiscal year 2012 net revenue by $210M-$230M and Non-GAAP net income per share by 60c-70c including 3c-4c per share related to a lower share count of 83 million shares used for purposes of calculating Non-GAAP net income (loss) per share. Take-Two will update its fiscal 2012 financial outlook to reflect this change and other factors when it announces its third quarter financial results on February 2, 2012. FY12 EPS consensus is 13c, revenue consensus is $1B. :theflyonthewall.com |
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