THQ said it expects 2010 profitability and positive cash flow generation similar to that achieved in the most recent fiscal year.Video game publisher THQ Inc. said Wednesday its fourth-quarter loss nearly tripled as restructuring costs and falling sales dragged down results. But though sales declined, they still topped Wall Street expectations.Analysts surveyed by Thomson Reuters expected the Agoura Hills, Calif.-based company to post a smaller adjusted loss of 34 cents per share on revenue of $148.7 million.For the three months ended March 31, the company posted a loss of $96.9 million, or $1.44 per share, compared with a loss of $34.5 million, or 52 cents per share, during the same period last year.
Excluding one-time items, THQ ( THQI - news - people ) lost $36.4 million, or 54 cents per share, in the latest period. Those items included realignment expenses, severance payments, lease and other contract termination costs and charges related to the cancellation of titles and studio closures.For the fiscal year, the maker of "WWE Legends of Wrestlemania," "Warhammer 40,000" and "Dawn of War II," said it lost $431.1 million, or $6.45 per share, much wider than the previous year's loss of $35.3 million, or 53 cents per share.Excluding special items, full-year losses totaled $101.8 million, or $1.52 per share. Sales slipped 19 percent to $830 million from $1.03 billion the previous year.