Today's Hard|Forum Post
Today's Hard|Forum Post

Monday August 08, 2011

Take-Two Reports 1Q Net Loss, Weak 'Nukem' Sales

Take-Two Interactive posted a net loss in its latest quarter and the CEO placed the blame on weak Duke Nukem Forever sales.

The New York-based company said it lost $8.7 million, or 11 cents per share, in the fiscal first quarter, which ended in June. That compares with earnings of $26.3 million, or 30 cents per share, a year earlier. Revenue fell 11 percent $334 million, down from $375 million.