THQ Raise Revenue and Earnings Expectations News
Chris Leyton
26/03/2004
It seems as though MX Unleashed is going down a storm in America…
Based on better-then-expected consumer response to MX Unleashed and the strong sales of its Christmas line-up, THQ today raised its revenue and earnings per diluted share guidance for the fourth quarter and fiscal year ending March 31, 2004.
For the fiscal fourth quarter, THQ expects revenue of approximately $110 million and net income of approximately $0.12 per diluted share.
For the full fiscal year ending March 31, THQ expects revenue of $628 million and earnings of approximately $0.89 per diluted share.
"Key fourth quarter release MX Unleashed continues to exceed our expectations on both PlayStation 2® and Xbox," said Brian Farrell, president and CEO, THQ. "The game's ongoing success underscores THQ's commitment to delivering top quality gaming experiences and further strengthens Rainbow's reputation as one of the best development studios worldwide."