Developer/publisher THQ published their third-quarter 2010 fiscal results today (which, for some financial reason I’ll never understand, ended December 31, 2009.).

They were able to report “solid profitability” due to reduced cost structures and focused strategies. This is a significant turnaround from last year. Last year, THQ actually lost over $300 million in value and probably had many stockholders running for the hills. This year saw a modest profit of over $1 million. Not awesome, but hey, at least it’s a profit! (This does include a settlement from the termination of the THQ/JAKKS Pacific relationship in regards to producing World Wrestling Entertainment games.)

THQ gained some market share, becoming the #4 independent publisher in the US, and they’ve decided to increase their digital presence with two new digital studios, renaming Juice Games and Rainbow Studios to THQ Digital Studios Warrington and Phoenix, respectively.

These two studios will be creating games exclusively for digital distribution through the Xbox LIVE Marketplace, PlayStation Network, and Apple’s App Store. They anticipate the first releases from these studios to occur in 2011.