Take-Two Interactive profits surge 74%
Friday, March 4, 2005Take-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.
- "Take-Two profit surges, lowers outlook" — , March 3, 2005
- Scott Banerjee. "Take-Two net rises 74%" — , March 3, 2005