Take-Two’s holiday sales forecast overshadows quarterly beat
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(Reuters) - Videogame publisher Take-Two Interactive Software Inc forecast holiday-quarter revenue below expectations, as console-based titles face stiff competition from online free-to-play games that attract a more younger audience. The company's shares fell about 2% to $114.70 in after-market trading. The tepid forecast overshadowed a better-than-expected second quarter adjusted revenue, boosted by the success of its flagship basketball game "NBA 2K20", "Borderlands 3" and "Red Dead Redemption 2".
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