(TTWO - Get Report)
were among technology's losers Friday, slumping 16% after the video-game-software publisher posted a wider-than-expected second-quarter loss.
For the period ended April 30, the company reported a loss of $50.4 million, or 71 cents a share, on revenue of $265.1 million. The results included one-time items totaling $26.3 million, or 24 cents a share. Analysts polled by Thomson First Call expected a smaller loss of 11 cents a share on revenue of $258.8 million. Last year, Take-Two posted a second-quarter loss of $8.2 million, or 12 cents a share, on revenue of $222.1 million. "While near-term financial results continue to be impacted by the console transition, we are confident that we have positioned Take-Two for the long-term by streamlining our organization while maintaining an extremely talented global development team," the company said. Shares were trading down $2.61 to $14.16.
(NSM - Get Report)
rose 6% after the chipmaker posted better-than-expected fourth-quarter results. For the period ended May 28, the company earned $118.8 million, or 34 cents a share, including a tax charge of $24.5 million, or 7 cents a share. Analysts expected a profit of 38 cents a share, before the charge. National Semiconductor reported revenue of $572.6 million, topping Wall Street's target of $566.9 million. During the year-earlier quarter, the company earned $130.2 million, or 36 cents a share, on revenue of $467 million. The year-earlier results included one-time gains and losses that as a whole benefited the company by $41.6 million, or 11 cents a share. Gross margins in the most recent period climbed to 61.4%, up from 60.7% in the third quarter and 54.7% a year ago.
Looking ahead, National Semiconductor forecast a sequential revenue decline of 2% to 3%. The company expects gross margins that will be similar to just-completed fourth-quarter results. Shares were trading up $1.37 to $25.28.