Take-Two Financials; XCOM Delayed

Take-Two Interactive's Second Quarter Fiscal 2012 Results are in, showing losses, though these are not as great as had been expected: "For the second quarter of fiscal 2012, net revenue was $107.0 million, as compared to $245.0 million for the second quarter of fiscal 2011, which had benefited from the releases of Mafia II and Sid Meier's Civilization V, and the post-launch performance of Red Dead Redemption. GAAP loss from continuing operations was $47.3 million, or $0.57 per share, for the second quarter of fiscal 2012, as compared to GAAP income from continuing operations of $8.0 million, or $0.09 per diluted share, for the year-ago period. Non-GAAP net loss was $39.4 million, or $0.47 per share, as compared to Non-GAAP net income of $18.4 million, or $0.20 per diluted share, for the year-ago period." Looking forward, they express high hopes for GTA5, though they do not specify when this was expected. They also say "2K Games now expects to release XCOM during fiscal 2013," which is a delay for the X-Com-based shooter, which was previously expected in Fiscal 2012. This means the game is now expected between April 1, 2012 and March 31, 2013.