THQ Reports Record June Quarter Results
reports quarterly profits for THQ,
compared with losses in the same period last year, saying they were the
third-ranked independent publisher in the US and UK for the June quarter. The
upswing is largely attributed to UFC 2009 Undisputed
, and the retail ass
the MMA game is kicking, with Red Faction: Guerrilla
also getting some of
the credit. Word is: "For the fiscal first quarter ended June 30, 2009, THQ’s
net sales climbed 77% to $243.5 million from $137.6 million in the prior year.
On a non-GAAP basis, for the three months ended June 30, 2009, the company
reported net sales of $233.9 million, up 93% from $121.1 million a year ago."
THQ also announces
plans to issue $90 million in convertible senior notes,
now that convertible weather is here.