Why Take-Two Interactive Software (TTWO) Stock Is Retreating In After-Hours Trading Today

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.

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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 ChartTTWO data by YCharts

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