Take-Two Interactive profits surge 74%
{{date|March 4, 2005}}
[[w:Take Two Interactive|Take-Two]], the company behind the [[w:Grand Theft Auto (series)|Grand Theft Auto video game franchise]], has reported a 74% rise in quarterly profits. The company also revealed that sales of its bestselling product; ''[[w:Grand Theft Auto: San Andreas|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.

==Sources==

*{{source|url=http://money.cnn.com/2005/03/03/technology/taketwo.reut/ | title=Take-Two profit surges, lowers outlook | author= |pub=CNN Money |date=March 3, 2005}}
*{{source|url=http://www.marketwatch.com/news/story.asp?siteid=bigcharts&dist=news&guid=%7B067595AE%2D6F49%2D4397%2DA10D%2DBD5524831972%7D | title=Take-Two net rises 74% | author=Scott Banerjee |pub=Marketwatch |date=March 3, 2005}}

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[[Category:Economy and business]]
[[Category:United States]]
[[Category:Published]]
Take-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.
Economy and business United States Published