THQ (THQI) shares sink premarket after reporting a revenue shortfall for FQ1, blaming...

|By:, SA News Editor

THQ (THQI) shares sink premarket after reporting a revenue shortfall for FQ1, blaming disappointing sales of “Red Faction: Armageddon” as well as its licensed children’s videogame titles, and lowering its outlook. THQ's net loss was $0.56/share vs. a net loss of $0.44/share for the year-ago period; revenue rose 31% to $195M. THQI -21.9% premarket.