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THQ's fourth-quarter results got a boost from Saints Row

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A bit of positive news has come up for THQ amidst its recent issues. The company has disclosed preliminary financial results for the fourth quarter, which ended March 31, 2012, and things aren't looking quite as gloomy as anticipated.

They expect to report net sales of $160 million to $170 million, a step up from the previous outlook of $130 million to $150 million. THQ was quick to point out that Saints Row: The Third has shipped four million copies to date. Additionally, The Third's downloadable content is performing better than predicted, as is UFC Undisputed 3.

So, what's happening with the publisher's upcoming games? THQ anticipates reporting cash and cash equivalents of approximately $76 million, and using a "substantial portion" of this "as well as its credit facility as it launches its slate for the 2013 fiscal year, beginning with Darksiders II. Hang in there!


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Jordan DevoreCo-EIC // Profile & Disclosures
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Jordan is a founding member of Destructoid and poster of seemingly random pictures. They are anything but random. Disclosure: I backed Double Fine Adventure and Awesomenauts: Starstorm on Kickst... more


 



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