THQ exceeding 2004 expectations

THQ raises its revenue and net income guidance for fiscal fourth quarter and full year.

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Following stronger-than-expected sales of Rainbow Studios' MX Unleashed, THQ has today raised its revenue and net income guidance for the fourth quarter and fiscal year ending March 31. For the fiscal fourth quarter, THQ now expects revenue of approximately $110 million, with a net income of approximately $0.12 per diluted share. For the fiscal year ending March 31, THQ now expects revenue of around $628 million and earnings of approximately $0.89 per diluted share.

"Key fourth quarter release MX Unleashed continues to exceed our expectations on both the 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."

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