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Earnings Analysis: 
THQ Records 68% Higher Revenue
Author: 123jump.com Staff
123jump.com
Last Update: 3:45 PM EST November 03 2006



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THQ increased its quarterly revenue with 68% on robust sales of owned and internally developed new properties and continued sales of games, reflecting the game''s wider international release. Harris Interactive first-quarter net income fell 25% on 1.8% lower revenue. Macerich third-quarter net income increased on assets sales.

 
THQ Inc. (THQI: chart), entertainment software maker, said that its second-quarter earnings were $12.6 million, or 19 cents per share, versus a year-ago loss of $1.4 million, or 2 cents per share. Revenue climbed 68% to $240.2 million from $142.7 million in the same period a year earlier.

Harris Interactive (HPOL: chart), market research firm, said that its first-quarter net income declined to $932,000, or 2 cents per share, versus $1.2 million, or 2 cents per share, in the year-earlier period. Revenue decreased to $48 million from $48.9 million in the same period a year earlier.

Macerich Co. (MAC: chart), real estate investment trust operator, said that its third-quarter net income increased to $47 million, or 66 cents per share versus $4.1 million, or 7 cents per share, in the same period last year. Revenue climbed to $213.2 million from $208.1 million in the year-ago quarter.

Progress Energy Inc. (PGN: chart), power company, said that its third-quarter earnings fell to $319 million, or $1.27 per share, compared with $450 million, or $1.82 per share in the year-ago period. Revenue dropped to $2.91 billion from $2.95 billion in the same quarter a year earlier.

Duke Energy (DUK: chart), engaged in the natural gas and electric businesses, reported a third-quarter net income of $763 million, or 60 cents per share, up from $41 million, or 4 cents per share, a year earlier. Revenue increased to $4.17 billion from $3.03 billion during the third quarter a year ago.

NRG Energy Inc. (NRG: chart), power generator, said that its third-quarter net income was $422 million compared with a year-ago loss of $27 million. Revenue increased to $2 billion from $687 million a year ago.

KeySpan (KSE: chart), natural gas distributor, reported third-quarter net income of $50.3 million, or 29 cents per share compared with $22.6 million, or 13 cents per share, in the year-earlier period. Revenue declined to $1.22 billion from $1.3 billion a year earlier.

Washington Post Co. (WPO: chart), publisher and educational services provider, said that its third-quarter earnings rose to $73.3 million, or $7.60 per share, compared with $66.6 million, or $6.89 per share a year-ago profit on a lower tax rate and gains from sales of property and marketable securities. Revenue climbed 8% to $946.9 million versus $873.7 million in the same quarter a year earlier.

Ameren Corp. (AEE: chart), utility operator, said that its third-quarter earnings increased to $293 million, or $1.42 per share, versus $280 million, or $1.37 per share in the year-ago net income. Revenue was slightly higher and reached $1.91 billion from $1.88 billion in the same period a year earlier.

Edison International. (EIX: chart), energy utility operator, said that its third-quarter earnings declined to $458 million, or $1.38 per share, compared with $462 million, or $1.39 per share in the same quarter last year. Total operating revenue increased to $3.8 billion from $3.78 billion in the same period a year earlier.

DRS Technologies Inc. (DRS: chart), maker of surveillance and radar systems and other products for the military and intelligence agencies, reported second-quarter net income of $25.2 million, or 62 cents per share, up from $19 million, or 66 cents per share a year earlier. Revenue jumped 97% to $711.5 million from $361.9 million in the year-ago period.
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