Unfortunately for gaming giant THQ, and MMA fans alike, the highly anticipated sequel to “UFC Undisputed 2009” is not doing nearly as well as planned. It was reported earlier today that THQ is being compelled to reconfigure their fiscal year numbers due to the underwhelming sales of “UFC Undisputed 2010″. MarketWatch.com gave a closer insight to what was happening with the gaming corporation;
Citing lower-than-anticipated sales of UFC Undisputed 2010 and the strengthening U.S. dollar, video games maker THQ (THQI 5.13, -0.42, -7.57%) cut its fiscal first quarter and annual earnings and sales guidance. For the fiscal first quarter ending June 30, the company expects non-GAAP net sales to be between $155 million to $165 million, which is below the company’s previous outlook in the range of $190 million to $200 million.
The company also expects fiscal first quarter non-GAAP loss per share in the range of 20 cents to 30 cents, compared with its previous outlook of breakeven. For the year it sees adjusted sales between $845 million and $865 million, compared to a previous view of $905 million to $920 million, and breakeven earnings compared to a 25 cent to 30 cent per share profit.”
Tough break for THQ. One can only wonder how sales of EA Sports MMA game will compare, and will there be a “UFC Undisputed 2011?” At this point it looks like most likely not.