Take-Two revenue drops but beats Street

Leon Neal | AFP | Getty Images

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.

—By Reuters