IndustryGamers - Informing the Games Industry

Duke Nukem Forever Scores Cause Take-Two Stock Slump

Posted June 16, 2011 by M.H. Williams

There’s been more fallout from the considerable savaging critics have unleashed upon Gearbox’s Duke Nukem Forever.  Take-Two Interactive’s share price has fallen more than 13 percent after concern behind Duke’s reception and the lower-than-expected sales of L.A. Noire.  The current share price is $14.59, down from a high of $16.88 last month.  The company’s highest share price in the last five years was $27.36 on June 02, 2008.

Cowen and Company analyst Doug Creutz now believes that Take-Two’s chances to meet its full-year earnings forecasts are “significantly reduced.” He rates the stock as underperform or sell currently.

M.H. Williams has been writing in some form or another for ten years and has been a hardcore gamer since the NES first graced American shores.  You can catch him on Twitter as @AutomaticZen, Google+ as himself, or on his personal Facebook page.