THQ: Q3 fiscal year 2010 shows net sales of $356.7 million

"We are pleased to report solid profitability in the third quarter and we are on track to achieve all of our fiscal 2010 financial targets that we announced at the beginning of the fiscal year," said Brian Farrell, president and CEO. "This marks a significant turnaround for THQ in just one year and underscores the success of our focused strategy and reduced cost structure.

Farrell said, "In addition to meeting our financial targets, we launched two new franchises, UFC and Darksiders, and significantly strengthened our balance sheet. We also secured new long-term license agreements and continued to migrate our brands to digital platforms in order to drive THQ's growth over the next several years."

The story is too old to be commented.