THQ Sees Loss, Lays Off 600

Lee, Michael
February 2009
Red Herring;2/4/2009, p3
Trade Publication
The article offers information on the financial performance of THQ. A net loss of $191.8 million, or $2.86 per share, on revenue of $357 million was reported by the company for the third quarter of 2008. This is lower compared with net income of $15.5 million, or $0.21 per share, on revenue of $509.6 million for the same period in 2007. The loss prompted a reduction of $220 million in annual spending while 600 workers would be laid off, approximately 24% of the company's total work force.


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