Take-Two reports so-so earnings, updates forecast to include Zynga

Take-Two took a bit of a hit today as it released its latest earnings report for the first quarter of its fiscal year. As the company has recently completed its acquisition of Zynga, it has updated forecasts to account for the new influx of mobile money — however, it still won’t meet expectations.

The company reported a net loss of $104 million while also reporting a 41% rise of net bookings to 1 billion. Apparently this is not what analysts were hoping for, as those polled by FactSet originally estimated $1.11 billion in net bookings. It also adjusted its annual profit forecast to $5.8 to $5.9 billion, where analysts were originally expecting over $6 billion (via Barron’s). Following the report, Take-Two’s stock took a dip.