THQ Profits

THQ is reporting quarterly earnings that top forecasts but fall below last year's results. The company had revenues of $53.3 million in the third quarter, up from $44.3 million in the same period last year, with net income reaching $2.4 million. Last year's third quarter earnings were $4.7 million. THQ's third quarter earrings exclude a one-time charge of $5.9 million related to the company's purchase of Volition. THQ President Brian Farrell predicts a bright future for the company after this year's soft game sales, "We're at the beginning of a new five-year huge wave in video games. It's a tsunami potentially. Our strategy has been to keep shipping younger mass-market titles and position the company across various platforms."