THQ transitioning away from children’s titles and more from their third-quarter results

The third quarter of the 2012 fiscal year doesn’t seem to have been too kind to THQ — they’re in danger of getting kicked off the NASDAQ, since their stock is trading for a price that doesn’t meet the exchange’s required minimum. They just fired a bunch of people. It’s not looking great, and some restructuring is definitely about to happen, according to a release summarizing their Q3 financial results.

THQ will be completely exiting development of licensed console games for children, and has already ended their agreements with two companies while working on two others. This move will save them about $160 million alone. The uDraw peripheral? Done and done. While the Wii version of the hardware was fairly successful, the recently-launched Xbox 360 and PlayStation 3 versions were much less so. They’ve got no future commitments to manufacture the hardware — they’re sticking to games for core and fighting franchises from now on.

Speaking of their other games…

• Saints Row: The Third is their largest owned-IP launch to date. They’ve shipped 3.8 million units of it total, and only expect that number to go up.
• WWE ’12 sales were up 29%.
• South Park: The Game? Still on the way.
• Metro: Last Light has been pushed to 2013.
• Warhammer 40K: Dark Millenium Online MMO title is anticipated either in fiscal year 2014 or later.
• Guillermo del Toro’s inSane is still on the books for that same time period, as well as two unnamed, unannounced titles.

Scariest part of all this? No guidance for investors was provided. That’s, uh, not a lot of confidence, is it?