THQ Inc. (THQI:NASDAQ)

THQ Inc. - Conference Presentation Calls

THQ Inc. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2009. For the quarter, the company reported net sales of $101.3 million compared with $164.8 million in the prior-year period. On a non-GAAP basis, the company reported net sales of $100.4 million compared with $151.6 million a year ago. The company reported a net loss attributable to the company of $5.6 million or $0.08 per diluted share compared with a net loss of $115.3 million or $1.73 per diluted share in the prior-year period. On a non-GAAP basis, the company reported a net loss of $25.2 million or $0.37 per diluted share compared with a net loss of $30.4 million or $0.46 per diluted share in the same quarter a year ago. The company reported operating loss of $6.08 million, loss from continuing operations before income taxes of $5.79 million, loss from continuing operations and net loss prior to allocation of non controlling interest of $5.95 million or $0.08 per diluted share compared to operating loss of $54.96 million, loss from continuing operations before income taxes of $57.40 million, loss from continuing operations and net loss prior to allocation of non controlling interest of $115.29 million or $1.73 per diluted share for the same period a year ago. On non GAAP basis, the company reported operating loss of $29.99 million compared to operating loss of $53.52 million for the same period a year ago. For the nine months, the company reported operating income of $1.08 million, income from continuing operations before income taxes of $1.43 million, income from continuing operations and net income prior to allocation of non controlling interest of $0.27 million or $0.01 per diluted share and net income attributable to the company of $0.84 million or $0.01 per diluted share on net sales of $344.79 million compared to operating loss of $100.97 million, loss from continuing operations before income taxes of $100.92 million, loss from continuing operations of $144.56 million or $2.17 per diluted share, net loss prior to allocation of non controlling interest of $142.52 million and net income attributable to the company of $142.48 million or $2.14 per diluted share on net sales of $302.39 million for the same period a year ago. On non GAAP basis, the company reported operating loss of $21.84 million and net loss of $18.38 million or $0.27 per diluted share on net sales of $334.28 million compared to operating loss of $97.59 million and net loss of $55.84 million or $0.84 per diluted share on net sales of $272.69 million for the same period a year ago. The company reaffirmed its expectation to report fiscal 2010 net sales higher than those reported in fiscal 2009, and to achieve profitability for fiscal 2010, on a non-GAAP basis. The full year non-GAAP outlook excludes the one-time benefit of $24.2 million from the JAKKS settlement. The company expects to report fiscal 2010 second half net sales similar to last year's second half, with fiscal 2010 third quarter net sales that are approximately 5% to 10% below the same period last year, and a stronger fiscal 2010 fourth quarter than the prior-year quarter.

THQ Inc. expected to Report Q3 2010 Results on February 3, 2010. This event was calculated by Capital IQ (Created on November 4, 2009).