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THQ Shares Hit 52-Week Low

Following the announcement of THQ's Q3 earnings on Monday, in which the company posted a 43% increase in revenue but maintained a conservative outlook for 2003, its shares have fallen sharply.
Apparently Wall Street feels that THQ could be holding back the disclosure of internal factors that might affect its growth next year, since its competitor EA was very bullish on 2003. However, it could also be that THQ's conservative forecast was an acknowledgement of the heavy competition if faces from EA's Christmas portfolio, and had adjusted its forecasts accordingly. Shares of THQ, the number 4 publisher in the USA in terms of revenue, closed at $14.32 today, a 52-week low for the company.

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