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Strong Dollar Leads to Lower Game Sales for THQ

Early Monday morning, video-game manufacturer THQ (THQI) announced that a stronger U.S. dollar and lower-than-expected sales of UFC Undisputed have caused the company to lower its first-quarter and full-year revenue forecast.

The company now believes it will report full-year net sales in a range of $845 million to $865 million, along with managing to break even on per-share earnings. THQ had earlier forcast net sales to total between $905 million and $920 million with earnings between 25 cents per share and 30 cents per share. As for analysts, expectations were for 31 cents per share with revenue of $913.4 million.

Continue reading Strong Dollar Leads to Lower Game Sales for THQ

OmniVision Technologies plunges on soft 3Q revenue outlook

OmniVision Technologies (OVTI) shuffled into the earnings spotlight Monday night, and the stock is getting punished as a result. While the company managed to exceed analysts' second-quarter earnings expectations, traders seem utterly dismayed by OmniVision's soft revenue guidance for the current quarter.

Specifically, the maker of semiconductor image sensors banked a second-quarter profit of $8.1 million, or 16 cents per share, reversing its year-ago loss of $5.3 million, or 10 cents per share. Excluding items, earnings arrived at 27 cents per share, compared to Wall Street's consensus forecast for a profit of 16 cents per share. Revenue for the second quarter jumped 12% to $183.3 million, easily outpacing analysts' expectations for $163.9 million.

Continue reading OmniVision Technologies plunges on soft 3Q revenue outlook

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Last updated: May 28, 2012: 10:28 PM

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