Take-Two Interactive profits surge 74%
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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.
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.
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Licensed archive reporting by Wikinews contributors. Text: Public domain (https://en.wikinews.org/wiki/Wikinews:Copyright). Original source date retained. 411 has not independently verified this archive report.
Read the source: Wikinews ↗Source published 4 Mar 2005, 05:30 am IST
