THQ Situation Not so Dire

<p><a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;thq-situation-dire&sol;thq-3&sol;" rel&equals;"attachment wp-att-11864"><img class&equals;"aligncenter size-full wp-image-11864" src&equals;"https&colon;&sol;&sol;cdn&period;bagogames&period;com&sol;wp-content&sol;uploads&sol;2012&sol;04&sol;06215300&sol;THQ1&period;jpg" alt&equals;"" width&equals;"300" height&equals;"168" &sol;><&sol;a><&sol;p>&NewLine;<p>THQ lost money and cut 240 jobs in February and supposedly <a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;rumor-thq-clears-2014-release-titles-preps-company-sale&sol;">cancelled a lot of games<&sol;a>&period; Today the publisher sent a note to investors prepping them for better than expected news when the publisher’s annual results &lpar;FY2012&rpar; are released&period; THQ now expects to end the year with a profit three times higher than expected&period;<&sol;p>&NewLine;<p>This news comes after the CEO of <a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;thq-months-taketwo&sol;">Take-Two claimed THQ would be gone within a few months<&sol;a>&period; Now it looks like they may be around for a bit longer&period; This is due to &OpenCurlyDoubleQuote;better than expected” sales from January to March &lpar;Q4 of THQ’s 2012 financial year&rpar;&period; <em>Saints Row&colon; The Third<&sol;em> has now &OpenCurlyDoubleQuote;shipped in” more than 4 million copies&comma; and digital sales for the game are &OpenCurlyDoubleQuote;higher than expected&period;” Sales for <em>UFC Undisputed 3<&sol;em> have been &OpenCurlyDoubleQuote;slightly higher than expected&comma;” but no specific numbers were given&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The company expects to utilise a substantial portion of its cash equivalents&comma; as well as its credit facility &lbrack;that it didn’t dip into in financial Q4&rsqb;&comma; as it launches its slate for the 2013 fiscal year&comma; beginning with <em>Darksiders 2<&sol;em>&comma;” THQ’s note stated&period;<&sol;p>&NewLine;<p>&lbrack;Via <a href&equals;"http&colon;&sol;&sol;www&period;eurogamer&period;net&sol;articles&sol;2012-04-18-thq-makes-more-money-than-expected-thanks-to-saints-row-3">Eurogamer<&sol;a>&rsqb;<&sol;p>&NewLine;<p>&lbrack;small&lowbar;clear&rsqb;<&sol;p>&NewLine;