THQ Raises Outlook

Analysts had been expecting sales of $166.9 million and 18 cents a share.

For the fiscal year under way, excluding a stock-based compensation charge, THQ raised its earnings outlook to $1.20 a share from 95 cents to $1.05 on sales of about $1 billion. The company previously forecast revenue of $925 million to $975 million.

Consensus was for earnings of $1.02 a share on revenue of $968.2 million on that basis.

Shares of THQ were down 6 cents to $33.34 in afternoon trading.

THQ expects to report its fiscal third-quarter results before market open on Feb. 2.