THQ (THQI) Boosts Q4 Outlook on Strong 'Saints Row' 'UFC' Sales

THQ Inc. (Nasdaq: THQI) provided preliminary, unaudited financial results for the fourth quarter ended March 31, 2012.

For the fourth quarter, THQ expects to report non-GAAP net sales of $160 million to $170 million, which is above the company’s previous outlook of non-GAAP net sales in the range of $130 million to $150 million. The Street sees revs of $142.3 million. Revised net sales expectations reflect:

• continued strong net sales of the critically-acclaimed Saints Row®: The Third™, which to date has shipped in more than four million units;
  
• higher-than-expected digital sales, largely driven by the robust digital content of Saints Row: The Third; and
  
• slightly higher-than-expected net sales of UFC® Undisputed® 3, which was released mid-February 2012 to highly-favorable critical reviews, achieving an average Metacritic score of 85.

The company currently expects a fiscal fourth quarter non-GAAP net loss per share in the range of $0.10 to $0.20, compared to its previous expectation of a net loss per share in the range of $0.35 to $0.50. The Street is looking for a loss of 41 cents per share.

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