THQ Blows Out Quarter

Guidance is in line.
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THQ

(THQI)

blew out fiscal second-quarter targets.

The Agoura Hills, Calif., video game company made $13 million, or 19 cents a share, for the quarter ended Sept. 30, reversing the year-ago loss of $1 million, or 2 cents a share.

Revenue surged 68% from a year ago to $240 million.

Analysts were looking for a 3-cent profit on sales of $201 million.

THQ cited robust sales of owned and internally developed new original properties Saints Row and Company of Heroes, and continued sales of games based on Disney*Pixar's Cars, reflecting the game's wider international release.

THQ said it expects to make around $1 a share for the year ending in March, excluding 18 cents a share of compensation expense, on sales of around $950 million.

Analysts were looking for 95 cents on $943 million.