86.6 F
San Fernando
Wednesday, Oct 4, 2023

Holiday Sales Improves THQ’s Third Quarter Sales

Strong holiday sales of its video games moved THQ Inc. to update its third quarter net sales by $50 million, the company announced Thursday. The Agoura Hills-based company expects fiscal third quarter net sales to hit $475 million up from the previous guidance in the range of $400 to $425 million. The third quarter ended Dec. 31. The company has better than expected sales of franchise games “WWE SmackDown vs. Raw 2007,” “Disney/Pixar Cars,” and “Avatar: The Last Airbender,” said President and CEO Brian Farrell, in a statement. “This performance combined with our successful original property launches exclusively for next-generation systems have positioned THQ to achieve the significant milestone of $1 billion in sales for fiscal 2007,” Farrell said. The company’s previous guidance of net sales for fiscal 2007, which ends March 31, was in the range of $925 to $975 million.

Featured Articles

Related Articles