By Malathi Nayak
SAN FRANCISCO (Reuters) – Videogame publisher THQ Inc posted a quarterly profit compared with a year-ago loss on Monday, but revenue slipped as its new management attempts to reshape its business in a weak market.
Shares of the games maker, which recently averted a stock delisting, rose slightly to $5.01 in after-hours trade, after closing down 1.8 percent at $4.91 on the Nasdaq.
“They are in a very tough situation in a scale business and in a very competitive business,” Sterne Agee analyst Arvind Bhatia said.
THQ, known for its wrestling videogames, has been losing ground to larger rivals including Activision Blizzard Inc