November 2, 2007 |
Video game publisher THQ Inc. said it swung to a quarterly loss from a profit a year ago after warning it expected disappointing sales of titles such as "Stuntman: Ignition." The net loss in its fiscal second quarter was $7 million, or 11 cents a share, compared with net income of $11.6 million, or 17 cents, a year earlier. Excluding 8 cents a share of stock-based compensation expenses, the loss was 3 cents a share, in line with expectations, according to Reuters Estimates.
October 23, 2007 |
THQ Inc., publisher of the "Destroy All Humans!" video game, said it had an unexpected fiscal second-quarter loss because of slow sales of two new titles. Results this quarter will miss analysts' estimates. The loss totaled 11 cents a share in the period ended Sept. 30, including stock-based pay expenses of 8 cents, Agoura Hills-based THQ said. Sales were about $229 million, below the $240 million forecast in August.
August 2, 2007 |
Video game publishers Electronic Arts Inc. and THQ Inc. on Wednesday posted quarterly losses and lower revenues, as the traditionally slow summer coincided with higher costs of making next-generation titles. EA, which publishes the "Madden Football" and "The Sims" series of games, reported fiscal first-quarter revenue of $395 million, a 4% decline from a year earlier, despite strong sales of its "Harry Potter and the Order of the Phoenix" game. Its loss widened to $132 million from $81 million.
February 3, 2007 |
Video game maker THQ Inc. said Friday that fiscal third-quarter profit rose 32% as sales were boosted by games for Nintendo Co. consoles. Profit was $62.1 million, or 91 cents a share, for the period that ended Dec. 31, up from $46.9 million, or 71 cents, a year earlier, the Agoura Hills company said. Sales rose 33% to $475.7 million. THQ benefited from the popularity of Nintendo's wand-wielding Wii console and hand-held DS console. THQ games include "Cars," based on the Walt Disney Co.
January 12, 2007 |
THQ Inc.'s fiscal third-quarter profit and revenue beat its forecasts on sales of "Cars" and "Smackdown" video games, prompting the company to raise full-year predictions. The company earned about 97 cents a share, excluding some costs, on better-than-expected holiday sales of about $475 million. That beat its forecast for profit of as much as 74 cents a share on sales of as much as $425 million, Agoura Hills-based THQ said.
November 4, 2006 |
Video game publisher THQ Inc. posted a better-than-expected quarterly profit Friday, boosted by sales of its new urban action title "Saints Row." Net income was $12.6 million, or 19 cents a share, for its second quarter ended Sept. 30, compared with a year-earlier loss of $1.4 million, or 2 cents a share. Excluding equity-based compensation expenses, THQ said profit was 25 cents a share, easily beating the average Wall Street target of 3 cents, according to Reuters Estimates.
August 8, 2006 |
Video game publisher THQ Inc. said Monday that the Securities and Exchange Commission requested documents and information related to its stock option grant practices from Jan. 1, 1996, to the present. THQ, known for its Nickelodeon- and professional-wrestling-inspired games, said it intended to cooperate fully. The SEC has more than 80 investigations underway into possible manipulation of companies' grant dates of stock options to boost their value to executives.
July 28, 2006 |
Video game maker THQ Inc. reported a wider first-quarter loss after new titles failed to entice customers. The loss was $12.2 million, or 19 cents a share, compared with a loss of $3.96 million, or 6 cents, a year earlier, the Agoura Hills company said. Sales fell 12% to $138.8 million. Chief Executive Brian Farrell is contending with a surge in development costs at a time when consumers await the release of Sony Corp.'s PlayStation 3.
February 4, 2006 |
THQ Inc., a Calabasas-based maker of video games, said fiscal third-quarter profit dropped 24% because it failed to produce new blockbuster titles. Net income in the quarter ended Dec. 31 fell to $47.6 mil- lion, or 72 cents a share, from $62.9 million, or $1.05, a year earlier, THQ said. Sales fell 11% to $357.8 million. Profit and revenue beat analysts' estimates.