THQ Swings to a Big Loss

Analysts are expecting revenue of $122.52 million and a loss of 18 cents a share.

For the current fiscal, THQ guided revenue in the range of approximately $1.17 billion to $1.2 billion and earnings in the range of 95 cents to $1.05 a share. Analysts are expecting revenue of $1.19 billion and earnings of $1.18 a share.

Separately, THQ said it has signed a licensing agreement with DreamWorks Animation(DWA Quote - Cramer on DWA - Stock Picks) to develop and publish video games based on the studio's upcoming animated feature film, with the working title Master Mind. The film is due in theaters on Nov. 5, 2010.

THQ's weak earnings comes on the heels of the poor results posted by game publisher Midway(MWY Quote - Cramer on MWY - Stock Picks) Monday.

Activision(ATVI Quote - Cramer on ATVI - Stock Picks), maker of the hit Guitar Hero franchise will report its results Thursday, while industry leader Electronic Arts(ERTS Quote - Cramer on ERTS - Stock Picks) will post its fourth-quarter earnings next week.

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