Take-Two Interactive profits surge 74%
From Wikinews, the free news source you can write!
Friday, March 4, 2005 Take-Two, the company behind the Grand Theft Auto video game franchise, has reported a 74% rise in quarterly profits. The company also revealed that sales of its bestselling product; Grand Theft Auto: San Andreas had surpassed 12 million copies.
The company stated that profits were $55.2m up from $31.8m in the same quarter last year. Per share earnings were $1.19, comfortably ahead of analyst expectations of $1.09 a share. Sales also rose substantially, from $375.5m to $502.5m.
Despite the news shares in Take-Two drifted $0.45 lower to $37.42 due to the company forecasting a loss of 20 cents a share for the coming quarter.
Sources
- "Take-Two profit surges, lowers outlook". CNN Money, March 3, 2005
- Scott Banerjee "Take-Two net rises 74%". Marketwatch, March 3, 2005
 |
This page is archived, and is no longer publicly editable.
Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators. Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections. Note that some listed sources or external links may no longer be available online due to age. |
