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THQ on comeback as losses fall - MCV

THQ on comeback as losses fall

Sales up to $900m with modest growth forecast for year ahead
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For the twelve months ended March 31, THQ's net sales rose 8% to $899 million, compared with sales of $830 million a year ago.

The company posted a loss of $9 million for the year, a marked improvement on last year's loss of $431 million.

THQ President and CEO Brian Farrell said, "In fiscal 2010, we achieved a successful turnaround, grew market share and exceeded our financial and operating targets. We have streamlined our cost structure, which will provide us with increased operating leverage in our model as our business continues to grow."

Full analysis can be found over at MCV

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