80.3 F
San Fernando
Friday, Apr 19, 2024

Game Maker Posts Loss in Q3

Video game publisher THQ Inc. posted a poor third quarter with a net loss when compared to a year ago. The Agoura Hills-based gaming company reported a net loss of $15 million, or $0.22 per diluted share, on revenues of $314.6 million for the quarter ending Dec. 31. For the same period in 2009, the company had net income of $542,000, or $0.01 per diluted share, on revenues of $356.7 million. The revenue amount was at the high end of the company’s guidance for the quarter. For the fourth quarter, however, THQ adjusted its guidance, dropping it to sales between $245 million to $260 million from the previously stated $295 million to $310 million. The new guidance numbers reflect pushing the UFC Personal Trainer game into the next fiscal year and lower than expected sales of games based on children’s movies. Fiscal 2012 will see the release of core gamer titles that the company expects to sell well, including the new installment in the Saints Row franchise, Red Faction Armageddon, MX vs. ATV Alive, and Warhammer 40,00 Space Marine. Mark R. Madler

Featured Articles

Related Articles