Take-Two Restates Results

Representatives from Take-Two Interactive have announced that the company has restated its financial results dating back to 1999 with securities regulators as part of a change in its accounting practices. The restatements lower fiscal 2003 earnings by 4 cents per share, fiscal 2002 earnings per share remain unchanged, fiscal 2001 losses are cut by 5 cents to 20 cents per share, fiscal 2000 earnings per share drop to 16 cents from 23 cents and fiscal 1999 earnings per share also drop to 74 cents from 76 cents. Source: Forbes