THQ shares fall 18% after shock financials

By Patrick Garratt, Friday, 6 February 2009 07:18 GMT


The market reacted badly to THQ’s news of a near-$200 million Q3 loss yesterday, sending its shared down 18 percent to $3.40.

The stock actually hit $2.45 at one point, its lowest level since October 1997.

THQ confirmed the loss earlier this week, as well as the need to drop 600 staff in an effort to cut costs.

More here.

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