Grand Theft Auto publisher Take-Two has unexpectedly cut its profit outlook due to poor Major League Baseball game sales and underperforming holiday titles -- delaying Max Payne 3 and sending its shares plummeting.
The company now expects reduced full-year revenue of $950 to $975 million for the year ending October 31, 2009, and an increased loss of $1.10 to $1.15 per share.
According to Take-Two, results "will be below its prior guidance due to several factors, the largest being the performance of its Major League Baseball titles in the fourth quarter."
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