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.