Take-Two Interactive  (TTWO - Get Report) shares were up 5.3% premarket Tuesday following the release of the company's fourth quarter earnings results, but the company did lower its full year earnings expectations due to a delay of the release of the video game maker's anticipated Red Dead Redemption 2 until spring 2018. 

The company reported fourth quarter adjusted earnings of 83 cents per share, well ahead of analyst expectations of 59 cents per share for the period. Revenue of $407.1 million also topped Wall Street's $359.1 million expectations for the quarter. 

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