THQ points finger for poor financial results.
Sales of action sequel Red Faction: Armageddon didn't match THQ's expectations, the publisher has admitted.
Although it wouldn't offer any firm numbers, its earnings report for the first quarter of fiscal year 2012 noted that the game's performance was partly to blame for a dismal few months for the publisher.
THQ recorded a net loss of $38.4 million for the three months leading up to 30th June, compared to a loss of $30.4 million over the same period last year.
Source: http://www.eurogamer.net/articles/2011-07-27-red-faction-armageddon-sales-disappoint
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