Shocking news: Take 2 posts a loss in their latest earnings report.

[famousringo]

Via Gonintendo:

http://www.gonintendo.com/viewstory.php?id=108241

NEW YORK, Dec 17, 2009 (BUSINESS WIRE) — Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced financial results for its fourth quarter and fiscal year ended October 31, 2009.

Net revenue for the fourth fiscal quarter was $343.4 million, compared to $323.4 million for the same quarter of fiscal 2008. Fourth quarter fiscal 2009 sales were led by Borderlands™, NBA®2K10, Grand Theft Auto: Episodes from Liberty City, Grand Theft Auto: The Ballad of Gay Tony, and Grand Theft Auto IV.

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 fourth quarter 2009 results included $14.8 million in non-cash goodwill and intangible impairment charges on its distribution segment in connection with the Company’s annual assessment of goodwill ($0.19 per share); $9.8 million in stock-based compensation expense ($0.13 per share); and $4.3 million in non-cash tax expense for the cumulative impact of deferred tax liabilities associated with tax deductible amortization of goodwill ($0.06 per share). Results for the fourth quarter of 2008 included $9.3 million in stock-based compensation expense ($0.12 per share); and $7.2 million in professional fees and expenses related to unusual matters, as well as business reorganization costs ($0.09 per share).

Non-GAAP net income was $7.0 million or $0.09 per share in the fourth quarter of fiscal 2009, compared to non-GAAP net income of $1.6 million or $0.02 per share in the fourth quarter of 2008. (Please refer to Non-GAAP Financial Measures and reconciliation tables included later in this release for additional information and details on non-GAAP items).

For the fiscal year ended October 31, 2009, net revenue was $968.5 million, compared to $1,537.5 million for fiscal 2008, which included the release and strong post-launch performance of Grand Theft Auto IV. Net loss for fiscal 2009 was $137.9 million or $1.80 per share, compared to net income of $97.1 million or $1.28 for fiscal 2008. Results for fiscal 2009 included $25.9 million in stock-based compensation expense ($0.34 per share); $14.8 million in non-cash goodwill and intangible impairment charges on its distribution segment in connection with the Company’s annual assessment of goodwill ($0.19 per share); $7.2 million in professional fees and expenses related to unusual matters ($0.09 per share); and $4.3 million in non-cash tax expense for the cumulative impact of deferred tax liabilities associated with tax deductible amortization of goodwill ($0.06 per share). Results for fiscal 2008 included $40.4 million in stock-based compensation expense ($0.53 per share); and $20.7 million in professional fees and expenses related to unusual matters, as well as business reorganization costs ($0.27 per share).

Non-GAAP net loss was $85.7 million or $1.12 per share for fiscal 2009, compared to a record non-GAAP net income of $158.2 million or $2.08 per share for fiscal 2008. (Please refer to Non-GAAP Financial Measures and reconciliation tables included later in this release for additional information and details on non-GAAP items).