Max Payne 3 & Spec Ops: The Line Don't Bolster Take-Two

Publisher Take-Two has reported a $110.8 million loss for the first quarter of this year, and the company has specifically cited lower-than-expected sales of Max Payne 3 and Spec Ops: The Line for the dip.

The publisher did not cite sales numbers or expectations for the pair, but in a conference call Take-Two CEO Strauss Zelnick said, "As a hit-driven entertainment company, not every title we produce will meet our sales targets." According to Gamasutra, analyst targets for Take-Two's first quarter was approximately $255 million.

The good news for the company is that digital sales were up 33 percent.

For more on Max Payne 3 and Spec Ops: The Line, click on the titles for our reviews.