Earnings: THQ’s Revenues Slump 28 Percent; Losses Mount; Lowers Guidance

imageTHQ (NSDQ: THQI), developer and publisher of franchises like Saints Row, Age of Empires and Warhammer, released a dismal Q3 earnings report, said it had let go of 250 staff, and lowered guidance. It also confirmed that it is closing five studios and announced that CFO Colin Slade has taken a medical leave of absence. Rasmus van der Colff, THQ