THQ Inc. reported a second-quarter loss of $7 million (-11 cents per share), compared to a profit of $12 million (17 cents) from the same period a year earlier, analysts were expecting a 2 cent loss, according to Thomson Financial. However, THQ added that excluding stock options costs, the company lost $2.2 million (3 cents per share). Analyst estimates generally do not include these types of costs.
Revenue for the Agoura Hills-based video game developer also fell 5 percent to $229 million due to disappointing sales, the company said which was inline with Wall Street's predictions.
Last month, THQ lowered its 2008 outlook saying citing game delays and disappointing sales.
Shares in THQ closed down 44 cents Thursday and were down only 9 cents Friday to 26.58.
For reprint and licensing requests for this article, CLICK HERE.