THQ slips in the red in Q4 as weak market weighs

SAN FRANCISCO Tue May 15, 2012 4:34pm EDT

SAN FRANCISCO May 15 (Reuters) - Video game publisher THQ Inc slipped to a loss in its fiscal fourth quarter, as it struggles with a weak market and restructuring.

The company, known for its wrestling and Ultimate Fighting videogames, said total revenue rose to $184.2 million from $124.2 million a year ago. But it posted a net loss of $53.2 million, or 78 cents per share, compared to a loss of $44.1 million, or 65 cents per share a year ago.

Adjusted for the deferral of digital revenue and other items, the company lost $8 million, or 12 cents per share. Adjusted revenue fell 31 percent to $170.7 million.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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