Seeking Alpha
 

THQ, Inc. (THQIQ)

- OTC Markets
THQIQ is defunct.
  • Nov. 6, 2012, 10:25 AM
    THQ (THQI -39.1%) is getting walloped following its FQ2 report. Though results beat (very low) estimates, the company suspended its FY13 guidance, delayed the release of South Park: The Stick of Truth to early FY14 from March '13, and stated it will need fresh capital to finance game development. THQ, which has $100M in convertible notes due Aug. '14, says it has engaged an advisory firm to help evaluate alternatives. With its market cap now standing at just $12.7M, it's safe to assume many doubt THQ's ability to avoid bankruptcy. (transcript)
    | Nov. 6, 2012, 10:25 AM | 1 Comment
  • Nov. 5, 2012, 4:50 PM
    THQ (THQI): FQ2 EPS of -$1.76 beats by $1.61. Revenue of $107.4M (-23,2% Y/Y) beats by $23M. (PR)
    | Nov. 5, 2012, 4:50 PM | Comment!
  • Nov. 5, 2012, 12:10 AM
    Notable earnings after Monday’s close: ALNY, CF, CLNE, CTRP, CVI, DEPO, ED, ENOC, EOG, ESRX, FIS, FNF, JIVE, LF, LYV, MDR, MED, MM, MMLP, MR, MYGN, NRP, PAA, PDLI, PNG, SBAC, TEG, THQI, TWTC, UAN, VVC, WLT, WTW, XL, Z
    | Nov. 5, 2012, 12:10 AM | Comment!
  • Nov. 4, 2012, 5:35 PM
    Notable earnings after Monday’s close: ALNY, CF, CLNE, CTRP, CVI, DEPO, ED, ENOC, EOG, ESRX, FIS, FNF, JIVE, LF, LYV, MDR, MED, MM, MMLP, MR, MYGN, NRP, PAA, PDLI, PNG, SBAC, TEG, THQI, TWTC, UAN, VVC, WLT, WTW, XL, Z
    | Nov. 4, 2012, 5:35 PM | Comment!
  • Oct. 30, 2012, 7:07 PM
    "Our [fiscal] Q3 looks soft mostly due to Medal of Honor," spoke Electronic Arts (EA) CEO John Riccitello on his company's earnings call. The Street has been concerned for a while about the reception for Medal of Honor Warfighter, which went on sale last week to underwhelming reviews. But a poor demand environment for console games isn't helping EA's cause either. And for now at least, EA's mobile and social gaming efforts aren't enough to offset. (FQ2 results: I, II)
    | Oct. 30, 2012, 7:07 PM | Comment!
  • Oct. 12, 2012, 1:17 PM
    Another month, another round of dismal data from NPD about retail U.S. video game sales. Game console sales fell 39% Y/Y in September, the research firm estimates, while software sales fell 18%. One bright spot for Electronic Arts (EA): Madden NFL 13 unit sales were 11% higher than the year-ago sales of its predecessor (previous). Sterne Agee thinks new video game sales will fall just 5% in October, as new titles provide a lift.
    | Oct. 12, 2012, 1:17 PM | Comment!
  • Sep. 25, 2012, 1:43 PM
    Game developers sell off following a report pay-TV providers are looking to offer console-quality cloud gaming services in 2013-2014. EA -3.5%. ATVI -2.3%. TTWO -1.4%. THQI -2.4%. If these services take off (a big if, given the challenges others have faced), they'd almost certainly rely on games from top developers. But there could also be more competition from social/casual games, and less favorable revenue splits.
    | Sep. 25, 2012, 1:43 PM | 2 Comments
  • Sep. 5, 2012, 6:41 PM
    The number of U.S. consumers who at least occasionally play traditional video games has fallen 5% this year to 211.5M, estimates NPD, as casual gamers continue shifting their attention to mobile devices and social gaming platforms. That helps explain why the industry's U.S. sales data has been so dismal (though aging consoles aren't helping either). (mobile gaming session growth) (PopCap survey)
    | Sep. 5, 2012, 6:41 PM | Comment!
  • Aug. 7, 2012, 10:54 AM
    THQ (THQI +9%) bounces following an FQ1 report that raises hopes the game developer might be able to survive by focusing on a handful of franchises. During its earnings call, THQ guided for FQ2 revenue of $75M-$85M and EPS of -$3.50 to -$4.50 - worse than a consensus of $98M and -$2.04, and blamed on product timings. But FY13 guidance - revenue of $390M-$410M and EPS of -$2.80 to -$4.30 vs. a consensus of $433M and -$3.05 - is probably better than many feared.
    | Aug. 7, 2012, 10:54 AM | Comment!
  • Aug. 6, 2012, 5:38 PM
    THQ (THQI): FQ1 EPS of -$3.41 beats by $0.56. Revenue of $38.5M (+33.5% Y/Y) beats by $9M. (PR)
    | Aug. 6, 2012, 5:38 PM | 2 Comments
  • Jul. 13, 2012, 5:39 PM
    NPD estimates total U.S. retail video game industry sales fell 29% Y/Y in June, slightly worse than May's 28% drop. Software sales fell 27%, as developers cope with aging consoles, a shortage of new titles, and mobile/social competition. The Xbox 360 was the best-selling console, but only 257K units were sold, down nearly 50% Y/Y. By contrast, one analyst thinks 20M iPads may have been sold globally in Q2. Those kinds of volumes are bound to impact the industry's balance of power.
    | Jul. 13, 2012, 5:39 PM | Comment!
  • Jun. 14, 2012, 7:03 PM
    U.S. retail video game industry sales fell 28% Y/Y in May to $516.5M, per NPD. That's just a little better than April's 32% drop. Software sales fell a "mere" 16% thanks to the strong reception for Activision's (ATVI) Diablo III (previous), but hardware sales fell 39% as the big-3 consoles continue to show their age. NPD notes there have been 27% fewer game releases YTD than there were at the same point last year, and thinks sales could pick up in 2H as new titles arrive.
    | Jun. 14, 2012, 7:03 PM | 4 Comments
  • Jun. 4, 2012, 5:06 PM
    THQ (THQI +11.1%) is selling its rights to publish Ultimate Fighting Championship (UFC) video games to Electronic Arts (EA) for an undisclosed cash payment. THQ, which has been paring back its game development efforts as it tries to lower its cash burn, says it will continue to publish existing UFC titles through March 2013.
    | Jun. 4, 2012, 5:06 PM | Comment!
  • May 29, 2012, 6:01 PM
    THQ (THQI -5%), whose reverse split plans were met with a yawn today, says it has hired Jason Rubin, co-founder of game developer Naughty Dog, to be its President. The company adds it has hired media/gaming exec Jason Kay to be its Chief Strategy Officer, and that Davis Davis, head of THQ's Core Studios division, is leaving. (PR) (previous)
    | May 29, 2012, 6:01 PM | Comment!
  • May 29, 2012, 11:36 AM
    Beaten-down THQ (THQI -3.9%) isn't getting any relief from a 14-A in which it discloses plans to avoid NASDAQ de-listing by carrying out a reverse stock split with a ratio anywhere from 1:3 to 1:10. THQ, in the midst of restructuring efforts it hopes will keep it afloat, was hammered last week following its FQ4 report.
    | May 29, 2012, 11:36 AM | Comment!
  • May 16, 2012, 10:48 AM
    Hard-luck THQ (THQI -10.1%) plunges yet again following its FQ4 report. Though results beat estimates, fears continue to grow that the game developer no longer has the scale to compete with larger rivals, following recent missteps. A sub-$1 stock price is also leading to worries THQ will be de-listed. The company is hoping upcoming releases for its Darksiders, WWE, and Saints Row franchises will help drive a turnaround.
    | May 16, 2012, 10:48 AM | 3 Comments
Visit Seeking Alpha's
Company Description
THQ is a leading worldwide developer and publisher of interactive entertainment software for all popular game systems, including: Home video game consoles such as Microsoft Xbox 360, Nintendo Wii, Sony PlayStation 3 and Sony PlayStation 2; Handheld platforms such as Nintendo DS, Sony PSP and... More