(Reuters) - Take-Two (NASDAQ:TTWO) Interactive Software Inc fell nearly 10% after the bell on Thursday, as the videogame publisher missed estimates for quarterly adjusted revenue amid competition from big-budget titles from rivals Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA).
The company narrowed its full-year forecast range to .80 million to .85 billion from .75 million to .85 billion, the midpoint of which is below analysts' average estimate of .85 billion.
Activision reported better-than-expected fourth-quarter adjusted revenue on Thursday, riding on the success of its blockbuster title "Call of Duty: Modern Warfare".
The strong launch of "Star Wars Jedi: Fallen Order" during the crucial holiday season helped rival Electronic Arts to beat third-quarter adjusted revenue estimates in January.
On an adjusted basis, Take-Two's revenue of 8.2 million for the third quarter ended Dec. 31 missed analysts' average estimate of 2.1 million.
New York-based Take-Two's net income fell to 3.6 million, or .43 per share, from 9.9 million, or .57 per share, a year earlier.
