Video game publisher THQ Inc. widened its net loss in the second quarter compared with the same period a year ago.
The Agoura Hills-based company reported a net loss of $92.4 million, or $1.35 per diluted share, on revenues of $146 million for the quarter ending Sept. 3. For the same period in 2010, the company reported a net loss of $47.0 million, or $0.69 per diluted share, on revenues of $77 million.
The company anticipates improvement in its earnings with a heavy release schedule in the third and fourth quarters. Included for releases for the major game systems are tent pole titles “Saints Row: The Third,” “WWE ’12,” and “uDraw Game Tablet.”
“Our two biggest quarters of the year remain ahead of us, and we are focused on execution,” THQ President and CEO Brian Farrell said in a prepared statement.
Shares in THQ closed Wednesday at $2.13 a share.