THQ Records Record Revenues

Officials from THQ have announced the company’s third quarter results ended December 31, in which revenues climbed 35% to $293.1 million and net income rose to $30.4 million, or $0.78 per diluted share. The company reported net income of $3.1 million, or $0.08 per diluted share, which included special charges of $0.33 per diluted share. The company ranked as the number two independent publisher and the number three publisher overall in 2003, being one of only two US publishers to gain market share last year. The company also announced that its board of directors has authorized an expansion of the current stock repurchase program by $25 million to a total of $75 million. Under the stock repurchase program the company will continue to repurchase shares of its common stock from time to time on the open market or in private transactions. Source: Business Wire