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Take-Two Interactive's (TTWO) CEO Zelnick Discusses What Drove Q1 Beat on CNBC

NEW YORK (TheStreet) --Take-Two Interactive Software (TTWO) reported fiscal 2017 first-quarter earnings after the close on Thursday that beat analysts' expectations. The developer of the "NBA 2K" and "Grand Theft Auto" franchises reported an adjusted loss of 21 cents per share on revenue of $272.60 million, topping projections of an adjusted loss of 29 cents per share on revenue of $258.96 million.

Take-Two Interactive Software CEO Strauss Zelnick joined CNBC's "Squawk on the Street" Friday morning to highlight what drove the quarter.

"The 'NBA 2K' franchise along with 'Grand Theft Auto V' did drive the...