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Thursday, Mar 28, 2024

THQ Forecasts Lower Sales for Q4

Video game publisher THQ Inc. expects a nearly 17 percent decrease in sales for the fourth quarter due to one cancelled game title and lowered expectations for several other games. Agoura Hills-based THQ expects sales in the fourth quarter ending March 31 to be $200 million. The previous forecast had been for sales of $240 million. THQ cancelled its March release of “Destroy All Humans: Big Willy Unleashed” for the PlayStation 2. The revised sales figure also takes in lower than expected sales of several other titles released in early 2007. The company also announced the closing of its Concrete Games studio in Carlsbad. A substantial number of employees will be offered positions in other studios. The closure will be reflected in the fourth quarter financial results.

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