In news that will surely make the front page of SaveTHQ.com, the financially troubled game publisher/developer has announced that early estimates peg the company exceeding their previously estimated earnings. What exactly does that mean for those who don’t follow the stock ticker on CNBC? Well the bottom line is that in a rare occurrence THQ isn’t in the red as their fourth quarter sales exceeded previous estimates which mean they have more cash in their piggy bank.
A final earnings estimate will be made next month when THQ gives their quarterly investors conference, but as of now THQ is actually doing good business – perhaps because they didn’t have a horrible peripheral release last quarter which no one bought. This brief financial reprieve doesn’t mean THQ is financially on the right track again as they still have their 2012 software line-up to release and doing that will require money – in particular the money they just earned.
THQ will utilize some of their new funds to help release and promote Darksiders II, which sadly has been delayed two months. Originally scheduled to release on the PS3, Xbox 360, and PC in June the game will now appear sometime in August. The reason for the sudden delay of the game was chalked up to more time being required to put the finishing touches on the game. I’m all for Darksiders II being as awesome as it can be, but I just hope that the game hasn’t received major cuts or will have uneven stages since Vigil has received layoffs and THQ has had their obvious financial woes.
Things may be stable for now but THQ is far from being saved or at least able to resume business in a comfortable way. Hopefully the company will receive a boost with the release of Darksiders II, both when it arrives for PS3/Xbox 360 and when it launches with the Wii U – that’s pending of course THQ is still around in October/November.
We ought to receive a better idea of where THQ stands financially when their investor conference occurs next month along with what their current software plans are as one or two titles may be bumped up or ultimately delayed once again.