THQ Sales Up, Profits Fall In Holiday Quarter

THQ has announced its third quarter results, showing holiday sales up to $509.6 million driven by WWE SmackDown vs. Raw 2008, Cars: Meter-National and MX vs. ATV Untamed and profits sharply down to $15.5 million.

The publisher's sales were up from $475.7 million the year prior, and profits down from $62.1 million. THQ says the quarter includes $27 million in non-cash charges due to the recent cancellations of its Juiced and Stuntman franchises.

For the first three quarters, the company has seen sales down slightly from $854.8 million to $843.4 million, and losses of $806,000 as compared to profits of $61.5 million the year prior.

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