Economy Blog » THQ, Not So Recession-Proof (THQI)

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THQ inc. (NASDAQ: THQI) just posted earnings that it called in-line with previous guidance. The video game maker just posted $0.24 non-GAAP EPS on $509.6 million in revenues. First Call had estimates at $0.33 EPS on revenues of almost $503.3 million. The results today include already-noted charges of approximately $27 million in non-cash charges related to canceling certain projects and approximately $20 million in accelerated amortization expense. The company is also guiding to -$0.06 EPS on a non-GAAP basis on sales of approximately $200 million. First Call has Next quarter estimates at $0.01 EPS on $211.4 million. The company already…
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