UPDATE: THQ Posts Drop In Q1 Revenue

THQ

reported a decline in its fiscal first-quarter sales. THQ reported its quarterly earnings at $15.4 million, or $2 per share, versus a year-ago net loss of $38.4 million, or $5.63 per share. Its revenue declined to $133.7 million, from $195.2 million. Excluding one-time items, THQ posted a loss of $3.41 per share. Its adjusted revenue dropped to $38.5 million, from $141.2 million. Analysts were expecting an adjusted loss of $3.97 per share on revenue of $28.8 million. THQ shares closed at $4.91 yesterday.