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THQ Raises Q4 Outlook

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Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million.

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Rumors Swirl Around THQ

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Rumors have been swirling around Agoura Hills-based THQ since this weekend, when a gaming industry analyst, Peter Skerritt, reported that the videogame maker was either looking for a buyer or shutting down its videogame development efforts, cancelling its 2014 lineup. as part of an "ongoing review" of its business.

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THQ Reorgs Studios, Cuts Staff

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Agoura Hills-based video game maker THQ said Wednesday afternoon that it is laying off around 60 employees, as part of a reorganization of its Juice Games and Rainbow Studios development studios. Tags: reorg employment jobs layoff videogame content games. The firm said the new studios will focus on digitally distributed games.

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THQ To Cut 240 Employees

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Agoura-based THQ said Thursday that it is chopping 240 jobs as part of a "realignment" of its organization, as it exits the kids licensed video game market. The layoffs come after the firm missed Wall Street estimates, with revenues of $404.4M. THQ also cut the salary of President and CEO, Brian J. READ MORE>>.

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Report: THQ Cutting 170

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Calabasas-based videogame developer THQ has reportedly cut 170 of its employees, according to reports Wednesday. According to reports on gaming sites, the cuts are expected to be announced along with THQ's earnings tomorrow. The report of the cuts apparently came via gaming insider Kevin Dent.

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THQ Plans Reverse Stock Split

socalTECH

Battered videogame developer THQ , which has been suffering from a downturn in its business, said today that it is planning a 1-for-10 reverse stock split, in order to raise its per share trading price so that it will regain compliance with a $1.00 per share, minimum bid price required by the NASDAQ Global Select Market. READ MORE>>.

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THQ Completes Cost Cutting

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Agoura Hills-based video game maker THQ announced this morning that it has "substantially completed" its latest business realignment, which will save the firm $220M in annual costs. THQ announced in February that it was cutting 600 people, or 24 percent of the workforce. READ MORE>>.

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