Summer Meltdown For The Video Game Industry -07/30/09 at 8:18 AM CDTby Perry Rod

Sony and Nintendo reported disappointing numbers in Japan overnight. Nintendo Wii sales dropped 57% year over year from 5.17 million to 2.23 million units worldwide.  Sales of PlayStation 3 dropped 31% year over year from 1.6 million to 1.1 million units worldwide.  PS3 software sales were down 35% in that same period.  The PlayStation Port...

THQ Talks Up Darksiders and Red Faction 2, But Talk is Cheap For This... -07/28/09 at 7:15 PM CDTby Perry Rod

THQ announced today that they made .09 non-GAAP earnings from what looked to be a spectacular quarter, which included UFC Undisputed, Red Faction and considerable cost reductions.  Now they are talking about making only around 90 million in revenues in the second quarter and somewhere in the ballpark of -.50 earnings.  That'll make it around -.4...

THQ Inc. Sells Over 1 Million UFC Undisputed Copies In First Month -06/11/09 at 6:40 PM CDTby Mahyar Hashemi

According to research group NPD, UFC Undisputed moved just over a million copies in its first twelve days on the shelf in North America.  That may explain why THQ stock is up 64% since its release date.  Analysts were expecting much fewer first month sales.  Wedbush Morgan senior analyst Michael Pachter had predicted 400,000 copies to sell ...

THQ Inc. and Take Two Interactive - A Similar Value? -06/10/09 at 11:22 AM CDTby Perry Rod

According to recent trading, video game companies THQ Inc (THQI). and Take Two (TTWO) Interactive Software, Inc. have a nearly identical market capitalization value.  THQ stock has nearly tripled in the last three months on word of solid sales of their new games, UFC Undisputed and Red Faction Guerilla.  But do these companies really deserve sim...

THQ Unloads a Powerful Punch at E3 -06/09/09 at 3:04 PM CDTby Mahyar Hashemi

Since the start of the E3 Expo in Los Angeles just five business days ago, THQ Inc. stock has soared nearly 27% as of midday trading today. Investors must have been impressed.  THQ showed off Darksiders, Homefront and Warhammer, along with current releases Red Faction and UFC Undisputed.  THQ stock had hit a low of $2.23 this year as a...

THQ Ships Two Million Copies of UFC Undisputed -06/03/09 at 8:13 AM CDTby Mahyar Hashemi

In a special message to investors, THQ Inc. (THQI) CEO Brian Farrell announced that the new mixed martial arts title, UFC Undisputed, has shipped over two million copies worldwide.  He added that he is, "very pleased with the sell through" of those copies.  The game released in North America on May 19th. On their May 7th conference call, Farrell...