Bioshock 2 » baseball videogames http://www.bioshock2.org Just another WordPress weblog Thu, 13 Jan 2011 11:12:25 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Take-Two third quarter did not perform as expected http://www.bioshock2.org/take-two-third-quarter-did-not-perform-as-expected/ http://www.bioshock2.org/take-two-third-quarter-did-not-perform-as-expected/#comments Mon, 07 Dec 2009 05:09:30 +0000 Knowledge Herald http://www.bioshock2.org/?p=120 Take-Two Interactive Software Inc., the developer of BioShock 2, has warned that its fourth-quarter fiscal results will be missing expectations and it particularly puts the blame on its baseball videogames.
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Recently in its statement, Take2 said it likely won’t be profitable in its current fiscal year.

The New York-based developer has given a string of disappointing forecasts because the company is suffering from the broad retail weakness and also it is lacking a new release in its “Grand Theft Auto” series.

It is also seen in the recent months that rival game makers have been the source of new best-sellers, in general videogame sales.

For the third quarter Oct. 31, Take2’s earnings were excluding of write-downs and stock-compensation costs in a range of 5 cents to 10 cents a share on revenue of $325 million to $350 million. The projections issued in the month of September by Take-Two estimated off 25 cents and $24 million.

In the present quarter with holiday-shopping season the company forecasts to be losing 40 cents to 50 cents a share on revenue of $210 million to $260 million.

Take2 also informed that the company expects a loss for its new fiscal year of 40 cents to 60 cents per share.

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