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THQ Financials
THQ Financials-November 2024
Nov 16, 2024 4:27 PM

  THQ released financial results for its third quarter, which ended Sept. 30. The company's net income for the quarter increased by 70 percent over the same quarter a year ago, rising to US$2,426,000 or 21 cents per diluted share. (For the same quarter in 1997, the company reported an income of US$1,428,000, 13 cents per diluted share.)

  Net income for the first nine months of 1998 (after a one-time charge of US$7,232,000, which THQ chalked up to its May 1998 acquisition of GameFx) stood at US$4,569,000 (40 cents a share), compared with US$3,142,000 (31 cents a share) for the first nine months of 1997. Revenue for the first nine months of 1998 was US$103,742,000, THQ reported, compared with US$40,459,000 for the same period last year.

  Brian Farrell, THQ president and CEO, credited strong sales for the rereleased WCW vs. NWO: World Tour N64 title, the launch of PlayStation titles Devil Dice and G. Darius, PC games BASS Masters Classic: Tournament Edition and Red Jack: Revenge of the Brethren and Brunswick Circuit Pro Bowling, as reasons for the company's strong showing.

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