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Slow Sales Cut THQ’s Revenues and Earnings

THQ is reporting first quarter income and revenue well below last year, but the result is still ahead of analyst expectations.

Game Developer

April 25, 2001

1 Min Read

The company’s net income fell to $860,000 on revenues of $59.33 million in the first quarter, down sharply from income of $3.95 million on revenues of $70.39 in the same period one year ago. Earnings per share fell to 4 cent a share from last year’s 18 cents per share. THQ cited slow sales and a cyclical lull as the chief causes of its lowered earnings.

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