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THQ shares fall 18% after shock financials

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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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Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.
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