THQ Profit Nearly Doubles on ‘Incredibles’
From Bloomberg News
THQ Inc., which makes video games for Sony Corp.’s PlayStation and Microsoft Corp.’s Xbox, said profit almost doubled to $10.1 million as demand for a game based on the Walt Disney Co.-Pixar Animation Studios film “The Incredibles” contributed to a 40% sales increase.
Net income for its fiscal third quarter climbed to 24 cents a share from $5.4 million, or 14 cents, a year earlier, the Calabasas-based company said. Sales rose 40% to $171.9 million from $123.1 million.
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