Take-Two Interactive ( TTWO ), which publishes several popular video games such as Grand Theft Auto, is supposed to be a turnaround story, but management can’t seem to find the formula to make it a success. On Thursday, Take-Two announced disappointing earnings: Net revenue for the fourth fiscal quarter was $343.4 million, compared to $323.4 million for the same quarter of fiscal 2008. The fiscal year ended on Oct. 31. Net loss for the fourth quarter was $22.0 million or $0.28 per share, compared to net loss of $15.0 million or $0.20 per share in the fourth quarter of fiscal 2008. The numbers missed Wall Street expectations, as did the company’s guidance for the next quarter and next fiscal year. Continue reading Icahn Buys Big Stake in Video Game Maker Take-Two Icahn Buys Big Stake in Video Game Maker Take-Two originally appeared on DailyFinance on Fri, 18 Dec 2009 08:40:00. Filed Under: Company News , Technology , People , Media , Electronic Arts Permalink | Tweet this! | Comments

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Icahn Buys Big Stake in Video Game Maker Take-Two

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