Saints Row helps THQ trim loss expectations Sales should be up for Q4, losses cut on 4-million shipped game

Matt Martin Wednesday 18th April 2012 Share this article Share

Companies in this article THQ

Troubled publisher THQ has adjusted its Q4 sales expectations, and now expects to make a loss for the quarter of between $0.10 - $0.20 per share, down from previous estimates of between $0.35 - $50 per share.

The company expects non-GAPP net sales of between $160 - $170 million, up from estimates of $130 - $150 million.

Sales estimates for the period have been improved due to continued strong performance of Saints Row: The Third, which has now shipped more than four million units, as well as sales of digital content for Saints Row and a slight increase in UFC Undisputed sales.

The publisher noted it has not dipped in to its $50 million credit facility. It will report full-year and fourth quarter results May 15.

THQ has had a turbulent year, laying off a number of staff and cutting wages and drastically changing the focus of some titles like Warhammer 40,000: Dark Millennium. It is also facing a delisting from NASDAQ is it does not raise its stock price above $1 for ten consecutive days by July 23.