Take-Two shares plummet on Q4 loss

By Patrick Garratt, Thursday, 18 December 2008 09:49 GMT

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They’re not that stupid, these trading types. Take-Two’s stock has crashed 21 percent on the back of last night’s Q4 financial release, down to $9.56 in extended NASDAQ trading.

The firm said last night that losses had doubled for the three months ending October 31, down to $15 million.

Take-Two Chairman Strauss Zelnick told Reuters the company “witnessed significant softness” in retail sales.

Where’s your EA cash gone, Strauss?

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