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THQ Share Price Halves Following Latest Earnings Report
Post by Dan @ 10:38am 07/11/12 | 1 Comments
THQ's Investors have reacted strongly yesterday's second quarter earnings report, with the share price now having fallen over 50% since trading opened, according to the company's NASDAQ listing.

At the time of posting, THQI is currently trading at $1.50 a share, down from $3.02 yesterday.

The investor exodus has been spurred by yesterday's accountment of a $20 million loss for the quarter, largely due to the underperformance of Darksiders II, and the subsequent delay of three major titles, South Park: The Stick of Truth, Company of Heroes 2, and Metro Last Light.



south park the stick of truththqcompany of heroes 2metro last light





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Dazhel
Posted 11:11am 07/11/12
Yeah investors aren't happy at all. This is after a 10 for 1 reverse stock split back in July.
Gamasutra had a piece yesterday about it: http://www.gamasutra.com/view/news/180927/THQ_Is_this_the_beginning_of_the_end.php
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