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Take-Two Financials - XCOM Shooter Delayed

Take-Two Interactive Software, Inc. Reports Results for Fourth Quarter and Fiscal Year 2012, saying the losses for the year were in line with projections. Here's word: "For the fiscal year ended March 31, 2012, net revenue was $825.8 million, as compared to $1,136.9 million for the fiscal year ended March 31, 2011, which had benefited from the release of Red Dead Redemption. GAAP loss from continuing operations was $107.7 million, or $1.30 per diluted share, as compared to GAAP income from continuing operations of $53.8 million, or $0.62 per diluted share, for the prior fiscal year. Non-GAAP net loss was $59.4 million, or $0.71 per diluted share, as compared to Non-GAAP net income of $94.3 million, or $1.02 per diluted share, for the prior fiscal year." There's also news of a delay to 2K Marin's planned XCOM first-person shooter, which was most recently delayed to their fiscal 2013. Now word is: "2K Games now expects to release XCOM, its shooter version of the franchise that is in development at 2K Marin, during fiscal year 2014," so this additional one-year setback means the game may not be released until March 31, 2014.

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