Take-Two loss shrinks, but forecast falls short
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Take-Two Interactive Software Inc said  on Tuesday it cut its quarterly net loss in half, but the  videogame publisher's outlook fell short of Wall Street  expectations, and its shares fell 4 percent.
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The deep-discount retailer misses earnings projections and lowers its outlook.
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The company tightens its forecast on cost concerns.
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Stock futures briefly pared losses following a report that showed a slightly smaller-than-expected drop in the pace of May home construction.
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The company meets already lowered second-quarter expectations.
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update Gateway on Thursday posted a narrower third-quarter loss, helped by cost cuts and an increase in PC unit shipments, that could allow it to climb ever closer to turning a profit.
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Video game developer Take-Two leads the way in reporting earnings this week.
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Weak market, poor performance of key titles but takeover talks still on
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A second-quarter profit doesn't erase concerns about this gambling company.
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Take-Two Interactive Software Inc   posted on Monday a smaller-than-expected quarterly  loss, helped by sales of games such as &quot;The Darkness&quot; and one  based on the latest &quot;Fantastic Four&quot; movie, and its shares rose  5 percent.
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Investors turned to profit-taking yesterday, leaving stocks mixed after nearly two weeks of solid gains. Another drop in oil prices limited the market&#39;s losses.
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Take-Two Interactive Software Inc said  on Tuesday it cut its quarterly net loss in half as revenue was  boosted by video games such as "BioShock" and "Carnival Games."
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The companyâs second-quarter profit rose 37 percent after factoring in losses from assets it sold, but on a continuing basis results fell on buyout costs at its newspapers.
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Plus: Take-Two loss shrinks, but outlook falls short...Adobe profit up 21 percent...Dell income up 27 percent.
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After a dismal second-quarter showing, the retailer projects a Q3 loss.
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Personal computer maker Gateway  Inc. GTW.N on Thursday posted a net loss that narrowed from a  year earlier and bettered its own forecast, helped by higher PC  sales and lower costs.
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Corporate forecasts are falling short and signals point to more-modest capital spending, intesifying worries off a slower second half.