Stock Market Says Nothankyou To Take-Two

By Luke Plunkett on December 18, 2008 at 4:30 PM

Take-Two’s financial results last quarter weren’t the greatest. Sure, sales were up, but overall, money was down, and in business terms, money is what counts. Which explains why shareholders gave Take-Two a belting today.

Following on from news that the company’s losses increased to US$15 million, shares in Take-Two took a nosedive, plunging a whopping 21%. They seemed to have closed slightly higher since the original Reuters report, but still, it’s clear the market does not approve.

Take-Two results disappoint, shares fall 21 percent [Reuters]

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