Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:
United Kingdom 06/02

Regularly scheduled events

Take-Two's Q1 Losses; New GTA Next Year?

Forbes has the financial report from Take-Two Interactive for the publisher's just-ended fiscal Q1 2012, which shows a net loss of $8.7 million USD (11 cents per share) compared with earnings of $26.3 million USD (30 cents per share) for the same period last year. The article attributes the downturn to "weak sales of 'Duke Nukem Forever' and higher marketing and other expenses," even though it later quotes Chairman and CEO Strauss Zelnick saying the first-person shooter was profitable (though he did express disappointment in the game's reviews). Despite the losses, the company is still projecting a profitable fiscal 2012, and $2.00 per share earnings in fiscal 2013 (which begins in April 2012), prompting speculation that this is when the next installment in the Grand Theft Auto series is expected.

Email Digg Facebook Twitter   Share More    


 

   Current Headlines
Awesomenauts Now Free-to-Play
GWENT Open Beta
Fallout 4 Free Weekend
Divinity: Original Sin 2 in September
Conarium in June
Zombasite: Orc Schism Announced
Dead Alliance Announced
Galactic Civilizations III: Crusade Ludicrous Update
Quake Champions Trailer
Worlds Adrift Closed Beta
Kritika Online Closed Beta
Quarantine Released
Micro Machines World Series Trailer
Evening Patches
On Sale
Evening Interviews
Gatherings & Competitions
Evening Consolidation
Evening Mobilization
Evening Metaverse
  

 




Blue's News is a participant in Amazon Associates programs
and earns advertising fees by linking to Amazon.



footer

Blue's News logo