THQ earnings show profits up

THQ recently unloaded its earnings for its first fiscal quarter ending June 30, and with strong sales of UFC 2009 Undisputed and Red Faction: Guerrilla (it's all about the ostriches, baby!), the company is, uh, very much not operating like THQ. It reports that net profits climbed a whopping 77% to $243.5 million (from $137.6 million last year) and that net sales (non-GAAP) for the three months ending June 30 was $233.9 million, up 93% from $121.1 million last year.

And, again, it's all due to strong showings of Red Faction: Guerrilla and UFC 2009 Undisputed. Both titles shipped over a million units (the latter shipping almost three) and made huge profits for THQ during Q2 of this year, the company's first fiscal quarter of 2010.

This article was originally published on Joystiq.