Take-Two has reported a return to profit and a jump in sales for its third fiscal quarter ended July 31, 2010.

The company posted $354.1 million in sales, up from $94.9 million during the same quarter last year, and net income of $6 million, versus a loss of $56 million last year.

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Gameloft has reported significant profit and sales increases for the first half of 2010.

The French publisher reported a half-year profit of €5.3 million ($6.8m / £4.4m), up 140 per cent year-over-year, on the back of sales up 11 per cent to €66.6 million ($85.5m / £55.3m). It said that its iPhone and iPad game sales grew 82 per cent during the six month period.

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Retailer’s second fiscal quarter results fail to meet analyst and investor estimates. Company lowers third quarter estimates as a result.

Despite reporting a rise in sales and earnings, GameStop’s share value subsequently fell by 8 per cent. Trading opened significantly lower after the company’s second quarter figures were revealed, closing the day on $19.06, an 8.2 per cent drop on the previous day’s $20.76.

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The videogame retailer reports increased earnings and profitability in its second fiscal quarter.

GameStop has reported a rise in sales for the quarter ended June 31, its second fiscal quarter. Sales rose 3.4 per cent to $1.80 billion (£1.15 billion), compared to $1.74 billion (£1.11 billion) for the same quarter last year. Net earnings increased by 4.2 per cent to $40.3 million (£25.8 million) from last year’s $38.7 million (£24.8 million) in the same quarter.

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The graphics chip manufacturer blames low demand for GeForce cards and legal charges for the downturn.

The company’s first quarter revenue reached more than $1 billion with a profit of $137.6 million, but the second saw a lower total revenue of $811.2 million. In the same quarter last year, the company achieved a total revenue of $776.5, posting a loss of $105 million.

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The Walt Disney Company posted strong financial results for its third fiscal quarter ended July 3, 2010, including increased revenue and slimmed losses at its games business.

The firm’s interactive media division cut its losses from $75 million (£47.7m) during the same period last year to $65 million (£41.3m), while revenue jumped 74 per cent to $197 million (£125.3m), driven by sales of Toy Story 3 and Split Second.

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The decision to slim its product release slate paid dividends for No More Heroes publisher Marvelous Entertainment during the financial quarter ended June 30, 2010.

Citing reduced overhead and advertising spend, the company swung from a loss of 131 million yen ($1.5 million) during the same period last year to a profit of 71 million yen ($830,000), according to Silicon Era.

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THQ has reported a loss and a decline in revenues for its first fiscal quarter ended June 30.

The company swung from a profit of $6.4 million (£4m) during the same period last year to a $30.1 loss (£19m), while revenue declined from $243.5 million (£154m) to $149.4 million (£94.5m).
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Thirdparty accessories firm Mad Catz Interactive has posted a loss and a decrease in sales for its first fiscal quarter ended June 30, 2010.

The company reported a net loss of $1.4 million (£883,000), compared to a net loss of $1 million (£631,000) in the first quarter of the prior fiscal year, while sales fell 11 per cent year-over-year to $19.9 million (£12.6m).

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Square Enix has posted positive financial results for its first fiscal quarter ended June 30.

The company swung from a loss of 1,672 million yen ($19.4m / £12.3m) during the same period last year to a profit of 1,812 million yen ($21m / £13.3m).

Net sales were up 10.7 per cent year-over-year to 32,540 million yen ($378m / £238.5m), while operating income rocketed 814.4 per cent to 5,434 million yen ($63.1m / £39.8m).

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