Take-Two Shares Down 20% After-Hours (Gibson Style)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and Niko are going down hard today like a drunk Gibson's popularity after one to many anti-Semitic comments.
TTWO shares went down 3% during the day and 20% after hours for a one day total loss of 23%.  Back to the $8 range we go.

Take-Two (TTWO) warned Q4 09 results will miss expectations and the company likely won't be profitable in the new fiscal year like analysts had anticipated.

Take-Two has given a string of disappointing forecasts this year as the company suffers from broad retail weakness and the lack of a new "Grand Theft Auto" release. Rival game makers have also been the source of new best-sellers in recent months.

For the quarter ended Oct. 31, the company now sees earnings excluding write-downs and stock-compensation costs of 5 cents to 10 cents a share on revenue of $325 million to $350 million. That is down 25 cents and $24 million, respectively, from September's largely cautious view.

For the current holiday season, Take-Two forecast a first-quarter loss of 40 cents to 50 cents a share on revenue of $210 million to $260 million. Analysts' average estimates, according to Thomson Reuters, were a 26-cent loss and revenue of $244 million.

Both Mel and Niko can still make a comeback, but some things we will never forget:

SOURCE: http://online.wsj.com/article/BT-CO-20091203-713692.html