THQ avoids NASDAQ delisting after reverse stock split.
While THQ has had its share of bad news lately, it seems that the company has avoided being delisted from the NASDAQ (stock market) by performing a reverse stock split. Last week the stockholders met and approveda ten to one reverse stock split. This has condensed THQ’s 70 million stocks down to only 7 million stocks, raising their value from $0.62 to $6.20. The stock split will go into effe...
THQ suffers $239.9 million loss in 2011
Things have been very bad lately for THQ, minus a few bright rays of hope the company has mostly been seeing layoffs, salary cuts and the loss of various licenses over the past few months. Now the company has revealed that they lost $239.9 million over the last fiscal year which ended on March 31, 2012. This is now the second year in a row that THQ has experienced a losing year, with 2010’s ...
THQ’s fourth quarter finances are better than expected
Over the past few months things have been bad for THQ, but it seems that there is at least a little bit of good news on the horizon. While the company initially expected terrible fourth quarter sales, which ended on March 31, 2012, it seems that they made at least a bit more than they expected. Originally the company was expected to report only $130-$150 million in sales, but now they are expected...