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Technology Stocks : THQ,Inc. (THQI)

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To: Todd D. Wiener who wrote (7065)7/22/1998 6:34:00 PM
From: Harry  Read Replies (2) of 14266
 
ERTS reports earnings...

FWIW, EA did pretty well. Looks like EPS of 6 cents (8 cents before charges). Consensus estimate was 2 cents. Interesting thing I noticed is that revenues are up 44% over year-ago. Previous quarter showed a 31% increase. On the other hand, game software sales (for the entire industry) are up 73% this year, so it looks like other companies (like THQ) are growing faster (or that there are more competitors now, though I'm not sure how true that is).

Harry

PS Todd, pardon my naivete, but how can a company report $1.4M in income and be in the red by $2.1M? Not doubting your statement, but just interested in learning more. Even a brief lesson would be much appreciated. :-)
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