THQ has announced its fiscal 2008 Q1 results, reporting a net loss of USD 9.3 million.
The loss per share of USD 0.14 included stock-based compensation expenses of USD 0.05 per share, and a tax benefit of USD 0.10 per share related to prior years that will not change the company's expected full-year tax rate.
Net sales for the first quarter were USD 104.5 million, led by Disney/Pixar's Ratatouille and catalog sales of Disney/Pixar's Cars and WWE Smackdown vs. Raw 2007. Sales were down USD 34 million from the same period last year.