THQ Raises Guidance

THQ ( THQI) shares jumped Friday after the video-game software maker announced that its fourth-quarter results were coming in ahead of expectations.

The company now expects to earn about 12 cents a share on sales of $110 million in the quarter, which ends March 21. Previously, THQ had forecast earnings of 7 cents a share on sales of $90 million. Analysts surveyed by Thomson First Call were expecting the company to post profit of 7 cents a share on $91.67 million in sales.

THQ updated its guidance before the bell on Friday. In recent trading, the company's shares were up $1, or 5.4%, to $19.45.

During the quarter, THQ introduced MX Unleashed, a motocross videogame. Sales of the game have exceeded the company's expectations, THQ said in a statement. THQ said it has also seen robust sales of the other titles in its catalog.

The current quarter may turn out to be a strong one for videogame software makers. THQ's rival Activision ( ATVI) raised its own fourth quarter outlook on Thursday.

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