Filed under: Earnings reports, Microsoft (MSFT), Electronic Arts (ERTS), Activision Inc (ATVI), Technology
Take-Two Interactive (NASDAQ: TTWO), a video-game publisher that competes with Activision Blizzard (NASDAQ: ATVI), THQ (NASDAQ: THQI), and Electronic Arts (NASDAQ: ERTS), reported Q2 results on Tuesday after the bell.
Revenues dipped considerably to roughly $230 million. Last year at this time, Take-Two generated $540 million on the top line. Blame it on a very tough comparison. The publisher was basking in the glory of Grand Theft Auto IV in 2008, so that has to be taken into consideration by investors.
Continue reading Take-Two sees a loss in Q2 — no ‘grand’ catalyst around
Take-Two sees a loss in Q2 — no ‘grand’ catalyst around originally appeared on BloggingStocks on Wed, 27 Might 2009 08:00:00 EST. Please see our terms for use of feeds.
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