THQ is a gaming company, producing games for gaming systems, personal computers, and wireless devices. THQ came below the analysts’ predictions of 41 cents a share, rather it came to 35 cents a share. Because of this dramatic differences in predictions and actually happenings, THQ will be cutting 60 jobs from its company. The reason the company’s shares have declined is due to uninterested consumers of the video gaming systems. Many consumers have Play Station 2 and aren’t giving that game up yet, thus they are not purchasing the newer gaming systems. In Japan sales fell only 2 percent, in the United States sales fell 7 percent, and in the U.K. sales fell 14 percent. The companies provided no indication of dollar sales figures.
The company expects to breakeven compared to the prior year.
