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Take-Two Outlook Dims

Stock quotes in this article: TTWO , SNE  

Updated from 5:15 p.m. EDT

The video-game publisher Take-Two(TTWO Quote) beat estimates in its second quarter, but sales fell from a year ago, and the company guided lower for the coming quarter, as it announced a restructuring plan to cut expenses by $25 million at the end of fiscal 2008.

The N.Y.-based company additionally on Monday reaffirmed guidance for fiscal 2007.

Revenue for the second quarter was $205.4 million, a decrease from $265.1 million a year ago, but better than analysts' polled by Thomson Financial forecast of $204.4 million. ...

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