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High Tech News

THQ narrows 3Q loss as it lowers costs

Wednesday, November 04, 2009 4:28:57 PM

AGOURA HILLS, Calif. (AP) - Video game maker THQ Inc. said it lost less in the third quarter than it did a year earlier even as sales fell because it lowered its operating costs, sending its shares higher in aftermarket trading.

THQ makes games such as WWE SmackDown vs. Raw 2010, SpongeBob Truth or Square, and All Star Cheer Squad for the Microsoft XBox, Nintendo Wii and Sony Playstation.

The company, based in Agoura Hills, lost $5.6 million, or 8 cents per share, in the quarter that ended Sept. 30. That compares to a loss of $115.3 million, or $1.73 per share, a year earlier.


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