THQ Shares Shoot Up 45%

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.

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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

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9 Comments

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

  2. Good for them ^_^

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

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

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

  6. Awesome!

  7. Finally some good news from the gaming industry!

  8. nice. I quite like THQ.

  9. Knew I should of bought shares.

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