Take-Two Interactive (TTWO) this afternoon reported better-than-expected results for its fiscal third quarter ended December 31.
FORBES: Take-Two Has Game; December Quarter Results Tops Guidance
And publishers like Electronic Arts and Take-Two Interactive are leaving all of that potential money on the table.
FORBES: Video Game Industry Fails to Capitalize on March Madness
Other competitors in the technology sector include: Activision Blizzard (ATVI), Majesco Entertainment Co. (COOL), and Take-Two Interactive Software (TTWO).
"People on the platform weren't buying those kind of titles, " said Strauss Zelnick, chief executive of Take-Two Interactive Software Inc.
The majority of analysts (66.7%) rate Take-Two Interactive Software as a buy.
Meanwhile, Take-Two Interactive shares are sinking, down more than 1 9 %.
The majority of analysts (71.4%) rate Take-Two Interactive Software as a buy.
Activision Blizzard competes with game developers such as Electronic Arts, Take-Two Interactive Software and casual gaming mainstays such as Zynga.
As you know, the Board of Directors (the "Board") of Take-Two Interactive Software, Inc. ("Take-Two" or the "Company") carefully considered Electronic Arts Inc.
While shares of Take-Two Interactive (NASDAQ: TTWO) are moving upward today, the company was among the many corporations that nearly lost their lunch on Monday.
FORBES: Take-Two Interactive at Risk for Another SEC Investigation?
Take-Two Interactive Software 's quarterly earnings and outlook topped expectations, but the company still has a ways to go before its business outgrows its dependency on Grand Theft Auto.
The 2006 sequel, Top Spin 2, the first of the series published by Take-Two Interactive subsidiary 2K Sports, may have be the best tennis video game ever made.
Take-Two Interactive this morning reported sharply better-than-expected results for its fiscal second quarter ended September 30, although the results were offset by disappointing guidance, as the company looks ahead to the spring 2013 release of Grand Theft Auto V.
FORBES: Take-Two FY Q2 Crushes Ests; Q3 Outlook Misses; Shrs Up
The position of the Board of Directors (the "Board") of Take-Two Interactive Software, Inc. (the "Company") with respect to an acquisition of the Company by Electronic Arts Inc. ("EA") has not changed from that which you and I have previously discussed.
The company also gets royalty payments from Take Two Interactive (nasdaq: TTWO - news - people ), the publisher of the enormously successful Grand Theft Auto series.
While it has a stable of strong brands, such as the Madden football franchise, it has had a difficult time turning its big-budget games into fresh blockbusters, and a bid for rival Take Two Interactive was rebuffed last year.
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