THQ Alters Release Schedule And Earnings Guidance

THQ representatives today announced several changes to the company's product release schedule and as a result updated earnings guidance for the second quarter of fiscal 2004. The net income fell to approximately $0.01 per diluted share on net sales of approximately $105 million. Previous guidance predicted approximately $0.08 per diluted share on net sales of $120 million. The fiscal year ending March 31 was unaffected. The two games responsible for the changes are Sphinx and the Cursed Mummy, which will now ship on November 10 in the US and Warhammer 40,000: Firewarrior which is being upgraded with online functionality and will launch in Europe in September and the US in the third fiscal quarter.