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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.

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