THQ (THQI) drops 22.4% AH after reporting FQ3 revenue of $404.4M (+25% Y/Y) and EPS of $0.35,...
THQ (THQI) drops 22.4% AH after reporting FQ3 revenue of $404.4M (+25% Y/Y) and EPS of $0.35, badly missing a consensus of $417.6M and $0.65 in spite of a major warning in December. THQ, whose survival is increasingly being questioned, also says it's halting development of kids' console games, and plans to stop making its poor-selling uDraw tablet. THQ claims these actions will cut annual expenses by $160M.
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