Take-Two Loses $8.2 Million...that's Good

Take-Two today announced that it narrowed its losses 44% in the 2nd quarter from a year ago, losing only $8.2 million or 12 cents per share. Meanwhile, sales for the 2nd quarter rose 45% from a year ago to $222 million. In other words, they didn't suck as bad as they did a year ago. Projections for the rest of the year ride on a few key games which were recently delayed from the 3rd quarter to the 4th: Grand Theft Auto: Liberty City Stories (PSP), Call of Cthulhu: Dark Corners of the Earth, and Top Spin. Currently Rockstar's (a division of Take-Two) Midnight Club 3: Dub Edition and 2KGames' MLB 2K5 are selling very well. Nobody is mentioning the fact that GTA: San Andreas is being released for the Xbox and PC on June 7. One would think it would have a big impact on sales. For more nitty gritty on all of this financial mumbo jumbo read TheStreet.com article.

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