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THQ Shares Shoot Up 45%

Saints are looking down on them.

A collective sigh of relief must have washed over THQ’s employees after the publisher reported better than expected results for its fourth fiscal quarter of 2012 (January-March).

As a result their stock has jumped by 45 per cent – the biggest increase for the publisher since 1991. THQ’s share price had previously slumped by 90% over the course of the last year, which had resulted in hundreds of job losses.

Strong sales of Saints Row: The Third has helped to turn the ailing publisher’s fortunes around, with over 4 million copies shipped to date and digital sales “higher than expected”. The publisher also recorded slightly better than anticipated sales for UFC Undisputed 3.

“The company expects to utilise a substantial portion of its cash and cash equivalents, as well as its credit facility, as it launches its slate for the 2013 fiscal year, beginning with Darksiders 2.”

Source: Eurogamer

9 Comments
  1. Mike
    Member
    Since: Oct 2008

    Some good news for once! Well done to THQ and hopefully things will continue to look up for them!

    Comment posted on 18/04/2012 at 20:51.
  2. Foxhound_Solid
    Is a smart cookie.
    Since: Dec 2009

    Good for them ^_^

    Comment posted on 18/04/2012 at 20:51.
  3. Burgess_101
    Member
    Since: May 2009

    Wow quite the opposite to the supposed demise we heard of last month!

    Comment posted on 18/04/2012 at 20:56.
  4. Sympozium
    Member
    Since: Aug 2009

    Excellent news, Its good that THQ is doing well hope it carries towards Darksiders 2 and many more.

    Comment posted on 18/04/2012 at 21:02.
  5. Mickey2010
    Member
    Since: Jan 2010

    Great news for THQ! and there employees just hope the likes of Darksiders 2 sell well

    Comment posted on 18/04/2012 at 21:14.
  6. Kennykazey
    Member
    Since: Mar 2010

    Awesome!

    Comment posted on 18/04/2012 at 22:34.
  7. gazzagb
    Master of speling mitakse
    Since: Feb 2009

    Finally some good news from the gaming industry!

    Comment posted on 18/04/2012 at 23:21.
  8. jediryan123
    Member
    Since: Nov 2008

    nice. I quite like THQ.

    Comment posted on 19/04/2012 at 04:49.
  9. SH Number 7/Mini-Lipscombe
    Member
    Since: May 2011

    Knew I should of bought shares.

    Comment posted on 19/04/2012 at 18:15.

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