THQ Inc. said Wednesday that losses in its fiscal fourth quarter increased as video-game sales dropped and the company continued taking restructuring charges. The loss exceeded analysts’ projections.

After the markets closed, the Agoura Hills video game developer reported a net loss of $96.9 million (-$1.44 per share) for the quarter ended March 31, compared with a net loss of $34.5 million (-52 cents) a year ago. Revenue fell 9 percent to $170 million. The company said new releases in its WWE Wrestlemania and Warhammer franchises drove sales.

The company took charges totaling $44.7 million to cover restructuring and other costs. The company has laid off about 600 workers, or roughly a quarter of its staff, and canceled some games in development to focus on titles with better profit potential.

Excluding charges, the company said its loss was 54 cents a share. Analysts surveyed by Thomson Reuters were expecting an adjusted loss of 34 cents a share on revenue of more than $148 million.

“In light of a challenging fiscal 2009, we have substantially completed a significant realignment of our business to position THQ for profitability and positive cash flow in fiscal 2010,” said Chief Executive Brian Farrell in a statement.

Separately, THQ announced it had secured a $35 million credit line for working capital from Bank of America.

THQ shares closed up 3 cents, or less than 1 percent, to $3.91 on the Nasdaq.