Company Announces Business Realignment as Part of Focused Strategy Saints Row: The Third is Most Successful Owned-IP Launch in Company History
AGOURA HILLS, Calif., Feb 02, 2012 (BUSINESS WIRE) –THQ Inc. (NASDAQ: THQI) today reported financial results for the third quarter ended December 31, 2011.
The company recently announced its updated business strategy to exit the traditional kids’ licensed video game category and focus on its core game franchises and digital initiatives. As part of this business realignment, the company is implementing plans to streamline its organization and cost structure to support what will be a smaller company positioned for sustained profitability. The company currently expects these actions will result in a reduction of selling, general and administrative expenses and product development expenditures totaling approximately $160 million from its annualized run rate.
Second Half of Fiscal 2012 to Be Driven by Releases of Proven Franchises Saints Row, WWE, UFC and uDraw
AGOURA HILLS, Calif., Jul 27, 2011 (BUSINESS WIRE) –
THQ Inc. (NASDAQ:THQI) today reported financial results for the first quarter ended June 30, 2011.
For the fiscal first quarter ended June 30, 2011, THQ reported net sales of $195.2 million, compared with $149.4 million in the prior-year period. On a non-GAAP basis, for the three months ended June 30, 2011, the company reported net sales of $141.2 million, compared with $160.3 million a year ago.
For the three months ended June 30, 2011, the company reported a net loss of $38.4 million, or $0.56 per diluted share, compared with a net loss of $30.1 million, or $0.44 per diluted share, in the prior-year period. On a non-GAAP basis, for the three months ended June 30, 2011, the company reported a net loss of $64.4 million, or $0.94 per diluted share, compared with a non-GAAP net loss of $14.4 million, or $0.21 per diluted share, in the prior-year period.
Q4 Non-GAAP Net Sales up 26% Y-O-Y and Q4 Non-GAAP EPS at High End of Guidance on Strong Sales of Homefront(TM) Company Expects Strong Growth and Profitability in Fiscal 2012
AGOURA HILLS, Calif., May 03, 2011 (BUSINESS WIRE) – THQ Inc. (NASDAQ: THQI) today reported financial results for the fourth quarter and fiscal year ended March 31, 2011.
Financial Highlights
Q4 Non-GAAP net sales were $248.6 million, consistent with guidance of $245 – $260 million.
Q4 Non-GAAP EPS of $0.15 was at the high end of guidance of $0.05 – $0.15.
AGOURA HILLS, Calif., Jun 14, 2010 (BUSINESS WIRE) –THQ Inc. (NASDAQ: THQI) today announced updated guidance for its fiscal first quarter ending June 30, 2010, and its fiscal year ending March 31, 2011, reflecting lower-than-anticipated sales of UFC(R) Undisputed(TM) 2010, and the strengthening US dollar.
For the fiscal first quarter ending June 30, 2010, the company expects non-GAAP net sales to be between $155 million to $165 million, which is below the company’s previous outlook of non-GAAP net sales in the range of $190 million to $200 million. The company also expects fiscal first quarter non-GAAP loss per share in the range of $0.20 to $0.30, compared with its previous outlook of breakeven.
Based on the revised outlook for UFC Undisputed 2010, combined with the strengthening US dollar, the company now expects to report full year non-GAAP net sales in the range of $845 million to $865 million and roughly breakeven non-GAAP earnings per share for the full year. Previous FY11 full year guidance was non-GAAP net sales in the range of $905 million to $920 million and non-GAAP earnings per share in the range of $0.25 to $0.30.
