THQ quarterly sales spike
Publisher reports 68 percent jump in revenue for July through September, attributes gains to Saints Row, Company of Heroes, and Cars.
Much like Electronic Arts did yesterday, THQ today reported record results for its second quarter of the fiscal year. But where EA's profits were down, THQ also posted a new high in earnings for the three months ended September 30, 2006.
Crediting strong sales of the open-world Grand Theft Auto-inspired Xbox 360 game Saints Row and the PC real-time strategy game Company of Heroes, THQ reported a 68 percent jump in revenue to $240.2 million from $142.7 million. Continued sales of Disney-Pixar's Cars were also cited as a main factor in the gains.
The publisher also netted $12.6 million in profit, a significant turnaround from the $1.4 million the company lost in the same quarter last year. For that quarter, its big sellers included Destroy All Humans!, Juiced, and Day of Reckoning 2.
After the company announced its earnings, CEO Brian Farrell praised the success of Saints Row and Company of Heroes to investors and analysts in a conference call. THQ owns the intellectual properties on which those games are based, and Farrell said the company plans "to leverage and extend those brands for many years to come."
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