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Take-Two Financials Reveal REDACTED is Delayed [May 16, 2018, 5:53 pm ET] – Share – Viewing Comments
Take-Two Interactive's Fiscal Year 2018 Results are now available, and the
publisher's announcement calls them "strong," noting that "GAAP Net revenue grew
to $1.793 billion" and "GAAP Net income more than doubled to $1.54 per diluted
share." This
did not impress Wall Street, and
Barron's reports that trading in the company's stock is down based on
lowered forecasts. Perhaps the most interesting news in the report is that a
"highly-anticipated [sic] title from one of 2K's biggest franchises" is delayed.
There's no word on what this is, but there's a lot of speculation it may be
Borderlands 3 or a new BioShock game. Here's word:
The highly-anticipated title from one of 2K’s biggest franchises, which had been planned for release during the current fiscal year, is now planned for launch during fiscal 2020 to allow for additional development time. We remain as excited as ever about this title, and expect it to enhance our results next fiscal year.
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