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When is the Earnings Report For THQ?

when is the earnings report for thq 11113
when is the earnings report for thq 11113

If you’re a gamer, you’re probably wondering when is the earnings report for THQ? The company was one of the biggest publishers in the industry, but the last few years have been tough for the company. Shares have lost over 60 percent, and the company has been in the red ever since. THQ stock closed Monday at $3.02 per share, and it’s expected to fall even more on Tuesday.

Analyst Michael Pachter of Wedbush says that THQ is heading for bankruptcy. He says that THQ is struggling with revenue and cash flow. The company has already lowered its guidance and delayed several big games. In the meantime, it’s exploring its options. The earnings report will be a major determining factor in whether the company can make it through the current financial crisis. So, investors are going to want to keep a close eye on the company’s performance.

Investors have reacted negatively to THQ’s second quarter earnings report. The company reported a loss of $21 million on $107 million in revenue, and said that it is looking at strategic options to turn around the company. The company also announced that three of its most anticipated games, including Darksiders II, have been delayed. If THQ is unable to turn things around by the end of the quarter, it will likely have to sell some assets to cover its costs.

Another positive sign for THQ is the new acquisition of Warhorse Studios. The studio developed the critically acclaimed Kingdom Come: Deliverance, and plans to start work on a new game in the second half of the year. This acquisition should help the company increase its digital revenues. The company is also hiring 40 new employees. Furthermore, the company has acquired 18POINT2, an Australian game publisher, which ranks between Activision Blizzard and Bandai Namco. These two acquisitions give THQ a variety of new properties and IPs to choose from.

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