10 posts and columns on THQ

Zynga’s Stock Is Up — And Why Every Other Game Company Stock Is Down

in Commerce on January 13 at 1:44 pm PT

Zynga is bucking market trends today and is trading higher despite a report that came out yesterday suggesting that December sales were extremely weak across the industry.
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Trading Card Company Topps Buys Facebook’s Gift Card Provider

in Commerce on July 26, 2011 at 4:00 am PT

Topps, maker of the trading cards from childhood, is expanding into digital goods with the purchase of GMG Entertainment, the gift card provider for Facebook.
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Game Studios Are Hot Acquisition Targets in the Race to Mobile and Social

in Commerce on July 22, 2011 at 10:05 am PT

Following the intense bidding war for PopCap last week, it’s likely that more blockbuster purchases will come. So, who will be next?
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News Byte

THQ Exceeds Guidance After Selling 1.2 Million uDraw GameTablets

in Commerce on February 2, 2011 at 3:37 pm PT

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.

Voices

Could Asian Players Buy Take-Two Interactive?

in News on January 11, 2010 at 12:54 pm PT

Could the U.S. video game companies be acquisition targets for their Asian rivals? Broadpoint.AmTech analyst Brian Schachter raised that question in a research report Friday, asserting that there is excess capital at many Asian video game companies, particularly in China.

Voices

THQ Sees FY 10 Profit; Betting on the Old Ultraviolence

in News on April 2, 2009 at 11:21 am PT

THQ shares are posting a fat gain today after the videogame company announced that it has completed a previously announced cost-reduction plan designed to chop its annual spending by $220 million. THQ CEO Brian Farrell said in a statement that the company’s goal is to return to profitability and generate positive cash flow in the March 2010 fiscal year, and to position the company for long-term sustainable growth.

Voices

THQ: Is the Stock Now Too Cheap?

in News on March 4, 2009 at 12:40 pm PT

Have THQ shares gotten too cheap? That’s the underlying question in a research note this morning from Citigroup’s Brent Thill. On the surface, he hardly sounds positive. The company’s upcoming UFC 2009 Undisputed has been generating a good amount of buzz in the gaming community around its spring release, and its game, Warhammer 40,000: Dawn of War II, is selling well, but Thill still maintains a hold rating on the company’s stock.

Voices

Videogames: Stocks Fall Despite Surprisingly Strong October Sales; Merrill Downgrades Activision, EA

in News on November 14, 2008 at 8:50 am PT

Comments from Merrill Lynch analyst Justin Post this morning are affecting the outlook for videogame stocks. Post cites data that indicate a drop in consumer spending in November–and he states that even though Merrill’s overall thesis is that the videogame category will remain strong, pricing pressure and the reality of the unfolding economic downturn dictate a more cautious view.

Voices

THQ Slides on Weak Outlook; Where's Wall-E?

in News on November 5, 2008 at 5:09 pm PT

Videogame publisher THQ saw its shares take a dive this afternoon after failing to meet its previous forecast and providing weak guidance for the next fiscal year. The failure was largely due to poor sales and multiple returns of its Wall-E game. The company will close five studios and cut marketing and general expenses as a result.

Voices

Shall We Play A Game? Upgrades For ATVI, THQI, ERTS

in News on October 7, 2008 at 9:15 am PT

Kaufman Brothers analyst Todd Mitchell this morning raised his ratings on Activision Blizzard (ATVI), Electronic Arts (ERTS) and THQ (THQI), While Mitchell also is cutting estimates and price targets for the stocks, he thinks they are “oversold in a tough market.”