THQ Dims Outlook
Video-game publisher THQ (THQI) reduced its guidance for the second quarter and fiscal year, after lower-than-anticipated sales of two key games and a decision to delay release of other titles.
THQ said it expects second quarter sales of about $229 million and a net loss of about 11 cents a share, including stock-based compensation expenses of 8 cents a share.
Excluding one-time charges, the company estimates it will report a loss of about 3 cents a share.
Analysts polled by Thomson Financial are expecting second-quarter revenue of $236.6 million and earnings of 10 cents a share.For the fiscal third quarter ending Dec. 31, THQ expects to report sales of about $490 million and earnings of about 61 cents a share, which includes 6 cents of stock-based compensation expense. Excluding the stock-based compensation expense, THQ will report earnings of 67 cents a share. Analysts are expecting revenue of $521.3 million and earnings of $1.02 a share. The revised second- and third-quarter expectations reflect lower-than-anticipated shipments of the company's two latest releases, Stuntman: Ignition and Juiced 2: Hot Import Nights. "Second quarter results were also affected by higher than expected price protection for these titles," said THQ in a statement. Shares of THQ were off 9 cents, or 0.3%, to $23.79 in recent after-hours trading.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV