Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 26, 2020
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


'Higher-than-expected sales' boost THQ's Q4 expectations

'Higher-than-expected sales' boost THQ's Q4 expectations

April 18, 2012 | By Mike Rose

April 18, 2012 | By Mike Rose
Comments
    9 comments
More: Console/PC, Business/Marketing



THQ has said that it expects to exceed its previous financial expectations for the fourth quarter of the last fiscal year, thanks to "higher-than-expected" sales of Saints Row: The Third and UFC Undisputed 3.

The company now expects to report sales of $160-170 million for the three month period ended March 31, 2012, compared to its original estimate of $130-150 million.

It said that this revised figure was down to strong retail sales of Saints Row: The Third, and higher-than-expected digital sales of the game. THQ said that the game has now sold more than 4 million units since it launched last November.

UFC Undisputed 3 has also sold better than previously expected, said THQ, thanks in part to good press reviews for the game and a solid Metacritic rating of 85.

Thanks to these fourth quarter results, the company now expects to report its year-end cash balance as $76 million, three times higher than previously estimated, while its net loss per share will now be in the $0.10-0.20 range, compared to the previously expected $0.35-$0.50 range.

This is the first piece of positive news for THQ in a while, as the company's third quarter revenues fell well below analyst consensus earlier this year, with reported sales of $404.4 million and a loss of $55.9 million.

After THQ was forced to lay off 118 employees from its Relic Entertainment and Vigil Games subsidiaries, Take-Two CEO Strauss Zelnick predicted that the company won't last another six months.


Related Jobs

Johnson County Community College
Johnson County Community College — Overland Park, Kansas, United States
[10.26.20]

Assistant Professor, Game Development
CVEDIA
CVEDIA — London, England, United Kingdom
[10.26.20]

Senior Unity Engineer - Remote - EU Time Zone
Insomniac Games
Insomniac Games — Burbank, California, United States
[10.25.20]

Lead Gameplay Programmer
Insomniac Games
Insomniac Games — Burbank, California, United States
[10.25.20]

Lead Engine Programmer









Loading Comments

loader image