This morning, THQ (Nasdaq: THQI) lowered guidance for Q1 and FY 2011. The video game publisher expects lower-than-expected sales of UFC Undisputed 2010 and is taking a hit from the strengthening U.S. dollar.
Although the top line is getting rattled like a novice cage fighter, THQI has gotten costs under control and is well positioned if they can rejuvenate revenues growth. However, THQI’s new titles continue to experience mixed sales results as the company has become increasingly dependent on a smaller lineup of games.
If you’re looking for more insights into which companies are doing well, check out my exclusive E3 2010 Video Gaming Conference Preview with Wedbush Morgan Analyst Michael Pachter.