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Saints Row sales help THQ bottom line

by Steve Watts, Apr 18, 2012 4:30pm PDT

THQ has been in some financial trouble, but it can thank a bombastic street gang for keeping its fourth-quarter earnings surprisingly positive. The company reported its fiscal results for the quarter ending March 31, 2012 today, and expects to report net sales between $160-170 million, above its outlook of $130-150 million. This is largely due to Saints Row: The Third.

The company cited strong continued sales of Saints Row, along with higher-than-expected sales of DLC for the game. To a lesser degree, the company pointed to slightly higher-than-expected sales of UFC Undisputed 3.

These results have also led to a slightly more positive outlook for the company's stock value, which is expected to have a loss per share of 10-20 cents, as opposed to its expectation of 35-50 cents. That's not exactly good news, especially with a NASDAQ delisting hanging over its head, but it is certainly less bad news.

THQ expects to report cash and equivalent earnings of roughly $76 million at the end of the quarter, three times higher than its previous expectation, and boasts no outstanding borrowings. The full report will be coming on May 15, but as a preliminary look at the company's earnings it seems more positive than many would have thought.





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