Shares of video game maker Take-Two Interactive ( TTWO) slipped in extended trading Tuesday, after the company forecast a weaker than expected second quarter. Buoyed by Tuesday's broader advance in tech stocks, Take-Two's shares closed at $6.85 Tuesday, a hike of 13.98%, but slipped 15 cents, or 2.19% after the bell. The New York-based firm reported its first-quarter results after market close Tuesday, highlighting the challenges of selling games in a tough economy. Take-Two, which sells the popular Grand Theft Auto family of games, expects second-quarter revenue between $200 million and $220 million, well below analysts' estimate of $263.72 million. The firm also expects an adjusted loss of between 10 cents to 20 cents a share, compared to the street's anticipated earnings of 4 cents a share. "Looking to the balance of the year, the economy remains challenging and uncertain, and our industry will not be immune to this environment," said Strauss Zelnick, the Take-Two chairman, in a statement. "Consumers will continue to be highly selective in their purchases, including interactive entertainment." The company at least beat analysts' first-quarter sales projection, posting revenue of $256.8 million, up from $240.4 million in the same period last year. Analysts were expecting revenue of $210.5 million. Take-Two nonetheless saw its first-quarter losses widen as a result of higher marketing, legal and R&D expenses. The firm posted a net loss of $50.4 million, or 66 cents a share, compared to a loss of $38 million, or 52 cents a share, in the same period last year.