Today THQ announced its financial results for the quarter ending December 31, 2005. The results surpassed its expectations. The company had projected $320 million in revenue for the 2005 holidays, and actually pulled in a little less than $358 million. However, that's still short of the $400 million in sales the company posted for the same quarter the year before. Profits were likewise down from the prior year. THQ's net profit for the quarter totaled $47.6 million, $.72 cents per diluted share. For the 2004 holiday quarter, the company reported profits of $62.9 million, or $1.05 per diluted share.

THQ credited the numbers to its strategy of targeting mass-market consumers. During the quarter, it shipped more than a million copies each of Bratz Rock Angelz, The Incredibles: Rise of the Underminer, and SpongeBob SquarePants: Lights, Camera, Pants. The company also said it shipped more than 2.5 million copies of WWE SmackDown! vs. RAW 2006 during the quarter.

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News source: GameSpot



Cont...

In the conference call accompanying the publisher's quarterly report, THQ also settled a matter of great confusion. Earlier this week, the Ukrainian developer of the sci-fi PC first-person shooter S.T.A.L.K.E.R.: Shadow of Chernobyl sent out an e-mail saying that the game "is on the stage of beta approval."

While THQ didn't address the developer's announcement directly, it did say that the game is now scheduled for the fourth quarter of its fiscal year 2007 (January through March of 2007). Gas Powered Games' spiritual successor to Total Annihilation, Supreme Commander, was also confirmed for the same quarter.

Speaking of THQ's upcoming fiscal year, the publisher also gave its first performance projections for the year. It expects sales to increase 14-20 percent, despite an expected transitional slump for the industry as the next-generation consoles carve out their chunk of the market.

Investor reaction to the report was mildly positive, as THQ stock was trading up $.30 to $26.50 at press time, with more than twice the normal volume of shares trading hands.




There are 9 additional comments
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(1 reply) Quote this comment Reply to this comment #1 Posted by Jasco on 05 Feb 2006 - 16:53
grrrrrrr
Quote this comment #1.1 Posted by markyp23 on 05 Feb 2006 - 17:46
Excellent comment. ^^

Fair play to them, although I'd rather the devs got a bigger cut of the games.
(1 reply) Quote this comment Reply to this comment #2 Posted by domgrimm on 05 Feb 2006 - 19:31
Wow, no STALKER until 2007? I've wanted to play this game for so long.
Quote this comment #2.1 Posted by AJCrowley Esq on 05 Feb 2006 - 21:04
By the time it comes out, it will be a generation or two behind...
Quote this comment Reply to this comment #3 Posted by Lanky on 06 Feb 2006 - 08:18
Ahhh mmmyy goood. Still over a year. Well at least they are being realistic and not making impossible claims.
Quote this comment Reply to this comment #4 Posted by Ogden2k on 06 Feb 2006 - 13:58
Maybe it will come out on the Xbox 360 so I won't have to upgrade my video card on my PC.
Quote this comment Reply to this comment #5 Posted by thagame on 06 Feb 2006 - 21:37
maybe stalker and duke nukem forever will come out together lol
Quote this comment Reply to this comment #6 Posted by thunderbird_117 on 07 Feb 2006 - 18:03
Vapourware . I wonder when are they going to release. 2007 is a long way. Supreme Commander is also releasing in 2007
Quote this comment Reply to this comment #7 Posted by insurektion on 08 Feb 2006 - 08:54
Doubt its vapourware as I played___ uhhh was on the beta team.
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