REVENUE SOARS FOR THQ INC.Byline: Brent Hopkins Staff Writer CALABASAS - Software developer THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. set its own high score on Wednesday, as the company reported it had record revenue in the fourth quarter, surprising analysts and spurring stock price. The company, known for a wide variety of video games See video game console. spanning from ``SpongeBob SquarePants'' to violent shoot-'em-ups, also reversed a loss in the previous fourth quarter and increased its guidance for 2005. Revenue increased to $123 million, up 84 percent from $64 million in the same period a year ago. Net income moved into the black, increasing to $5.4 million, 14 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , from a loss of $7.7 million, 20 cents per share, in the same period a year ago. Analysts polled by Thomson First Call had expected an average of 12 cents per share. Looking ahead, THQ increased its 2005 guidance to sales of $680 million, with earnings of $1.05 to $1.10 per share, from $655 million and earnings per share of $0.94. The news, reported after the market close, triggered an after-hours rally, pushing shares up $1.62, more than 8 percent, to $20. Sales of the motocross motocross Form of motorcycle racing in which cyclists compete on a closed course marked out over natural or simulated rough terrain. Courses vary widely but must be 1.5–5 km (1–3 mi) in length, with steep inclines, hairpin turns, and mud. ``MX Unleashed'' title and more than 5 million units of titles tied to the Disney/Pixar blockbuster block·bust·er n. 1. Something, such as a film or book, that sustains widespread popularity and achieves enormous sales. 2. A high-explosive bomb used for demolition purposes. 3. ``Finding Nemo'' powered the results, which clearly cheered executives. ``THQ is one of the strongest and best positioned publishers in the business,'' said Brian Farrell
Brian Farrell (born Bernard Bredan Farrell January 9, 1929) is an Irish author, journalist, academic & broadcaster. , the company's president and chief executive officer, during its conference call. For all of fiscal 2004, THQ had revenue of $640.8 million, up from $467.4 million in the prior year. Income increased to $35.8 million, 92 cents per share, up from $2.5 million, 6 cents per share in 2003. Next week, the publisher will bring out its new slate of titles at the annual Electronic Entertainment Expo trade show in downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or . As has been its custom in recent years, THQ will showcase a realistic action game, the U.S. Army trainer ``Full Spectrum Warrior'' for the hard-core gaming crowd, along with movie-themed titles to appeal to the family market. ``We're zigging when everyone else is zagging,'' Farrell said. ``This summer, you've got 'Shrek,' 'Harry Potter' and `Spider-Man' going after the kids' market, when we're coming out with 'Full Spectrum Warrior.' In the fall, we've got 'Polar Express' and 'The Incredibles.''' The numbers impressed analyst PJ McNealy with the San Francisco-based American Technology Research, who sees the company trying to become more broad-based with titles like ``Warrior'' and ``The Dawn of War.'' ``They're riding some of their core strengths with the family market,'' McNealy said. ``Now, they're trying to be more of a portfolio company with offerings for both the kiddie kid·die or kid·dy n. pl. kid·dies Slang A small child. kiddie Noun Informal a child and hard-core gamer markets.'' Brent Hopkins, (818) 713-3738 brent.hopkins(at)dailynews.com |
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