THQ's Record Quarter

Fourth quarter financial results for THQ show record earnings. Net earnings for the quarter were up 37 percent to a record $14.8 million on revenues up 18 percent to $131.7 million. For the year ended December 31, 1999, THQ totaled income of $32.9 million on revenues of $306.4 million. The results include revenues from Genetic Anomalies, the internet studios purchased by THQ last December. THQ attributes the record results to strong franchises like Rugrats and a successful strategy that double international revenues in 1999.