Take-Two revenue drops but beats Street

SAN FRANCISCO Tue May 13, 2014 4:13pm EDT

SAN FRANCISCO May 13 (Reuters) - Video game publisher Take-Two Interactive Software on Tuesday reported a 23 percent drop in revenue in its fiscal fourth quarter but beat Wall Street expectations, helped by sales of "Grand Theft Auto V" and "NBA 2K14."

Take-Two, which also publishes "BioShock Infinite," said non-GAAP net revenue was $233.2 million in the quarter ended March, compared with $303.1 million a year ago. That surpassed the $202.51 million average estimate of analysts polled by Thomson-Reuters I/B/E/S. (Reporting by Malathi Nayak; Editing by Steve Orlofsky)

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