What to Watch Tuesday May 13: Take Two Interactive Earnings

Take Two Interactive will report quarterly results on Tuesday after the bell and the maker of the Grand Theft Auto video game series is expected to take a hit this quarter. Analysts are expecting earnings of $0.10 a share, down almost $0.30 from a year ago. They are also looking for revenues of $200 million, a more than 30-percent decline in sales. Take Two is trading higher ahead of its big announcement, but investors need more than a one-trick pony. The key will be the company's ability to leverage GTA Online as well as full game downloads in order to see blockbuster earnings.