THQ Predicts It Will Meet Financial Targets - Thanks In Part To PSP Sales (Gamespot)
Source: Gamespot
The
holidays haven't been very happy for the gaming industry so far.
Fourth-quarter sales this year have been trailing well behind the
numbers posted in 2004, Midway closed up two studios and laid off
almost 100 people, and Electronic Arts and Activision have both warned
that their quarterly earnings would fall short of estimates.
However,
it hasn't all been bad news. THQ today announced that it was ontrack to
meet expectations for its holiday quarter. Wall Street rewarded that
news with a subsequent (if temporary) jump in the company's stock price.
"Our
WWE SmackDown! vs. Raw 2006 title is performing very well on both
PlayStation 2 and the PSP PlayStation Portable system," THQ president
and CEO Brian Farrell said in a statement. "In addition, new titles
targeted to kids and family such as The Incredibles: Rise of the
Underminer, our Nickelodeon products, Bratz Rock Angelz, and our
catalog of value-priced games are on track."