THQ Exceeds Guidance After Selling 1.2 Million uDraw GameTablets

THQ reported third-quarter earnings today, exceeding internal guidance because of strong sales of its own uDraw GameTablet, a $70 art accessory for the Nintendo Wii. It shipped 1.2 million units in the quarter. Still, the videogame developer and publisher reported a loss of $14.9 million, or 22 cents a share, compared with a year-ago profit. THQ’s revenues totaled $314.6 million, falling 11 percent from 2009. In after-hours trading, THQ’s stock dropped nearly 13 percent to $5.60 a share.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald