GTA 5 release date may be announced on February 5, says Pachter

XPG Paddy Jan 30, 2013

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    [font=verdana, geneva, lucida,]A release date for Grand Theft Auto 5 may be announced by publisher Take-Two as part of its fiscal 2013 Q3 results on February 5, Wedbush analyst Michael Pachter has said.[/font]
    [font=verdana, geneva, lucida,]In a Q3 Preview released to investors, Pachter wrote: "Grand Theft Auto V's release date remains elusive, frustrating shareholders.[/font]
    [font=verdana, geneva, lucida,]"TTWO initially provided FY:13 EPS guidance in "excess of $2.00" in May 2011, a strong indication of GTA V's release, but conceded that it would not ship in FY:13 last August when it lowered EPS guidance for the year to $0.00 – 0.20. Investor confidence appears shaken by repeated, unexpected, and unjustified swings in profit and loss. If Rockstar is ready to confide in Take-Two management, we may learn the launch date next week."[/font]
    [font=verdana, geneva, lucida,]Pachter added that he continues to "expect a launch in May". Rockstar is currently communicating a spring release date.[/font]
    [font=verdana, geneva, lucida,]The video games analysts also commented on Take-Two's acquisition of Evolve from THQ.[/font]
    [font=verdana, geneva, lucida,]"Although little is known about the co-op action game, the ≈ $11 million price tag, solid track record of Turtle Rock Studios (co-developer of the Left 4 Dead games), and Take-Two's emphasis on quality suggests a high probability of success," advised Pachter.[/font]
     
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