You hear that video games are hot, but even the companies doing it right, like Electronic Arts
So, the game makers aren't shedding any tears after peer THQ
THQ publishes a wide range of games on all of the popular home-console platforms. From games featuring Viacom's
In December, the company warned that holiday sales weren't up to snuff. While others had no problem moving blockbuster titles, THQ struggled. The software house was able to post higher sales in the December period, but margins got pounded, and earnings during its seasonally stronger quarter came in at just $0.41 a share. While that was in line with the company's hosed forecasts, it was well off the $0.75 a share THQ earned a year earlier.
If you're a GameCube owner, be afraid. Be very afraid. The company is calling off many of its Nintendo titles, as the console continues to fall behind market leader Sony
The company is taking a quarter off as it realigns its fiscal year to end in March. Unfortunately, it won't be the pause that refreshes. For its new fiscal year, which starts in April, THQ is looking to earn no more than $0.85 a share. That's unfortunate considering it was able to earn $1.01 a share in 2001.
The company's corporate page states, "THQ is among the fastest-growing video game publishers in the world." No, that's not quite true anymore. And what a small, small world it has become.