NEW YORK (TheStreet) -- Take-Two Interactive Software (TTWO) shares are down -3.7% to $21.15 in after-hours trading on Tuesday following the release of the company's second quarter earnings results.
The 'Grand Theft Auto' and 'NBA 2K' video game producer reported a net loss of 14 cents per diluted share, 40 cents better than the loss it posted last year, and well ahead of analysts 24 cent net loss estimates.
Revenue for the quarter rose 5.1% to $151.6 million, well ahead of analysts $134.8 million guidance.
However, the stock is experiencing a decline in after-hours trading today after the company announced that its highly anticipated game, 'Evolve', will not be released until next year, missing this year's holiday season.
TTWO data by YCharts
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