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CORRECTED-Take-Two posts higher quarterly revenue but reduces outlook

(Corrects name of game to ``Borderlands 2'' from ``Boarderlands 2'' in first paragraph)

Oct 31 (Reuters) - Take-Two Interactive Software Inc's quarterly revenue more than doubled on strong sales of ``Borderlands 2'' and ``Grand Theft Auto IV,'' but the company said on Wednesday that it was reducing its outlook for its fiscal year 2013.

Its net loss from continuing operations narrowed to $12.4 million, or 15 cents per share, in the second quarter ended on Sept. 30 from $47.3 million, or 57 cents per share, a year earlier.

GAAP revenue rose to $273.1 million from $107 million.

(Reporting by Sinead Carew in New York; Editing by Lisa Von Ahn and Grant McCool)