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Saints Row helps THQ trim loss expectations

Saints Row helps THQ trim loss expectations

Wed 18 Apr 2012 10:38am GMT / 6:38am EDT / 3:38am PDT
BusinessFinancial

Sales should be up for Q4, losses cut on 4-million shipped game

Troubled publisher THQ has adjusted its Q4 sales expectations, and now expects to make a loss for the quarter of between $0.10 - $0.20 per share, down from previous estimates of between $0.35 - $50 per share.

The company expects non-GAPP net sales of between $160 - $170 million, up from estimates of $130 - $150 million.

Sales estimates for the period have been improved due to continued strong performance of Saints Row: The Third, which has now shipped more than four million units, as well as sales of digital content for Saints Row and a slight increase in UFC Undisputed sales.

The publisher noted it has not dipped in to its $50 million credit facility. It will report full-year and fourth quarter results May 15.

THQ has had a turbulent year, laying off a number of staff and cutting wages and drastically changing the focus of some titles like Warhammer 40,000: Dark Millennium. It is also facing a delisting from NASDAQ is it does not raise its stock price above $1 for ten consecutive days by July 23.

4 Comments

Rick Lopez
Illustrator, Graphic Designer

1,203 816 0.7
Saints Row the Third was a damn good game. One of the few games I pre-ordered and bought at full price. The controls were spot on for everything to movement, combat, driving all vehicals and you had plenty to do, plenty of missions, plenty of character customization options multiplayer and a decent single player story campaign. I played the crap outta this game and when DLC was announced, I wasnt annoyed, I just wanted more.

I have high hopes for darksiders 2. I liked the first one alot. people compare it to God of War and Zelda. But they are comparing it to two of the best games in history. So yes, bring on Darksiders 2, I am waiting for it.

Im hoping THQ can pull themselves outta the financial mess they are in.

Posted:A year ago

#1

Andreas Gschwari
Senior Games Designer

542 528 1.0
Agree with you Rick. I even made a saints row the third playlist on spotify - i love the soundtrack :)

Also very much looking forward to Darksiders 2. To be honest though both games are made by outstanding studios, even if THQ end up in the drink, those studios would still be making good games i think.

Posted:A year ago

#2

Terence Gage
Freelance writer

1,288 120 0.1
"down from previous estimates of between $0.35 - $50 per share"

That's a pretty big margin of error, Matt! ;)

Posted:A year ago

#3

Shawn Foust
VP - Business Development/General Counsel

2 0 0.0
Agree with Rick. SR3 was one of the few games I played to completion in the last few years. It reminds me of the olden days of GTA before things got all serious.

Posted:A year ago

#4

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