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THQ's Third Quarter Losses

THQ's third quarter earnings report shows losses at the developer/publisher, compared with a small profit for the same period last year: "For October through December, THQ said its net loss was $14.9 million, or 22 cents per share. In the same period last year, THQ's net income was $542,000, or one cent per share." The company's stock rose during the day because these losses were smaller than projected, and then dropped after hours because of lowered fourth quarter projections. Word is: "Shares sank 85 cents, or 13.3 percent, to $5.56 in after-hours trading. In the regular session, the stock rose 40 cents, or 6.7 percent, to close at $6.41." Thanks Joao via Gamasutra.

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