This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
THQI $0.31 0.00%
MSFT $47.61 -1.30%
SNE $30.34 -2.60%
AAPL $125.85 -2.20%
FB $77.62 -1.50%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs