Take-Two Experiences Some Financial Success in 3Q

Take-Two Interactive, the current publisher of the Civilization series, released its third quarter financial results on Thursday for the three months leading up until July 31st. They were able to report a net income of about $52 million, in contrast to one year ago when they lost money. Of particular note is Take-Two's success overseas from the United States, as international sales provided almost half of their revenue. Here is a quote from the CNN Money news article:

The results topped Wall Street's expectations, and the company raised its fiscal-year guidance while cutting its fiscal fourth-quarter earnings prediction, mostly because of a two-week delay in releasing its "Midnight Club: Los Angeles" game.

“Take-Two’s exceptionally robust third-quarter results reflected our continuing efforts to build a diverse roster of outstanding entertainment software brands, supported by an increasingly productive and efficient business organization,” said Chairman Strauss Zelnick.

>> Read more about Take-Two’s third quarter results

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