Year-Old Toy Maker THQ Turns Profit in Quarter
THQ Inc., a Calabasas-based toy company that began operations one year ago, said it turned a profit in the quarter and nine months that ended Sept. 30.
THQ’s third-quarter profit of $723,000 was on sales of $7.58 million. For the latest nine-month period, it earned $1.5 million on $13.7 million in sales.
The company said its third-quarter sales included its initial shipments of two new Nintendo videos, “Bo Jackson Baseball/Football” and “Where’s Waldo?” The results for the latest quarter also include expenses from THQ’s merger with Trinity Acquisition Corp. in July, THQ said.
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