THQ announces record 1999 Third Quarter Results

THQ announces record 1999 Third Quarter Results is today’s business-side update, the sort of suit-and-spreadsheet news that still decides what games actually reach players.

The useful part: For the three months ended September 30, 1999, net income more than doubled to a third-quarter record $4,941,000, or $0.37 per diluted share, on a 69% increase in revenue to a third-quarter record $44,289,000. For the third quarter of 1998, net income was $2,246,000, or $0.18 per diluted share and revenue was $26,230,000. All amounts reflect the impact of the pooling of interest transaction with Pacific Coast Power & Light Co. Listed pricing shows $4, so this is not vapor sitting on a press sheet.