T.HQ Inc., a Calabasas maker of video games and toys, reported a sharp drop in its third quarter earnings and sales due to late deliveries of some of its products.
In the quarter that ended Sept. 30, T.HQ earned $220,000, a 70% decline from a $723,000 profit a year earlier. Sales for the quarter fell 19%, to $6.13 million from $7.58 million.
