THQ’s stock dropped to a shocking 50% after the company announced its second quarter earnings.
THQ’s drop ended the day with a low $1.50 per share. THQ has been struggling as of late to produce games that appeal to both critics and consumers. Although Darksiders II was a great game, it sold far below expectations selling only 1.4 million units. Short of the 2 million units that were projected.
It didn’t help that THQ delayed most of its games until 2013 or later as well. South Park: The Stick of Truth, Company of Heroes 2 and Metro: Last Light have all been delayed and won’t be out until next year instead.
THQ might bounce back depending on how sales of WWE ’13 are like. WWE ’13’s pre-order sales were up from last year’s game so that’s a good sign. But, THQ doesn’t have a title like Saint’s Row: The Third this year, so it’s profits won’t be as high as they were last year.
