Take-Two Interactive Software is on the march again today, after the company released its quarterly earnings figures last night. For the period, TTWO reported a net loss of $46.1 million, or 64 cents per share, excluding items. Revenue slipped 14% to $206.4 million. Looking forward, the company said it expects revenue to come in between $275 million and $300 million, compared to the Street's view for $287.4 million.

On the news, the shares have surged more than 6% higher on the day, reclaiming support at their 10-day moving average, but finding resistance in the 23.50-24 region. It seems that despite the improving financial situation, investors just aren't ready to push TTWO any higher. Still, there is room for upgrades on the analyst front should the company continue to impress - and with the blockbuster success of Take-Two's recent release of Bioshock, there seems to be little holding a fundamental improvement back. According to Zacks, 11 of the 13 analysts following the shares still rate them a hold or worse. A couple well placed upgrades could be just what TTWO needs to breakout above short-term resistance.