'MX' UNLEASHES THQ EARNINGS IN 4TH QUARTER.Byline: Evan Pondel Staff Writer CALABASAS - THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. raised its fourth-quarter revenue and earnings guidance Friday, citing robust consumer response to the video-game publisher's motocross motocross Form of motorcycle racing in which cyclists compete on a closed course marked out over natural or simulated rough terrain. Courses vary widely but must be 1.5–5 km (1–3 mi) in length, with steep inclines, hairpin turns, and mud. release ``MX Unleashed.'' The Calabasas-based company said it expects fourth-quarter revenue of approximately $110 million and net income of about 12 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. for the period ending March 31. Previously, analysts had expected revenue of $91 million for the quarter. ``The knock on Noun 1. knock on - (rugby) knocking the ball forward while trying to catch it (a foul) rugby, rugby football, rugger - a form of football played with an oval ball rugby, rugby football, rugger - a form of football played with an oval ball this company has always been they put out too many titles, but this year they are more focused on an assortment of higher- quality games,'' said Ian Corydon, equity analyst with B. Riley & Co. Inc. in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . Competing with ``MX Unleashed'' is Activision's ``MTX MTX abbr. methotrexate methotrexate (amethopterin, MTX) Warning - Hazardous drug! Maxtrex (UK), Metoject (UK) Pharmacologic class: : Mototrax,'' which has also been a popular hit among video-game enthusiasts. Working in THQ's favor is the $10 price difference between the two games. Corydon said ``MX Unleashed'' is retailing for about $40, while ``MTX: Mototrax'' is priced closer to $50. ```MX Unleashed' continues to exceed our expectations on both PlayStation 2 and Xbox,'' Brian Farrell, THQ's president and chief executive officer, said in a statement. For the fiscal year, THQ expects revenue of approximately $628 million and earnings of 89 cents per share, which includes 6 cents from an insurance settlement reported in the second quarter. In February, the firm projected revenue of $608 million and earnings of 84 cents a share. THQ's outlook is a positive shift since the company announced it was cutting its earnings forecast last summer due to shipping delays. Looking ahead, Corydon said THQ is poised to release several promising titles including ``Full Spectrum Warrior Full Spectrum Warrior is a video game classified as a real-time tactics action/war game. It was developed by Pandemic Studios and published by THQ. It was released on June 1 2004 for the Xbox, September 21 2004 for Windows and on March 23 2005 for the PlayStation 2. .'' THQ shares rose 84 cents, or 4.6 percent, to close at $19.29 Friday. Corydon said he currently has a buy rating on THQ. Evan Pondel, (818) 713-3662 evan.pondel(at)dailynews.com |
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