Tuesday, June 26, 2012

THQ: Q4 Beats Street; Q1 View Light; FY 2011 Forecast Mixed

THQ (THQI) this afternoon posted revenue for its fiscal fourth quarter ended March 31 of $197.7 million, up from $170.3 million a year ago, and ahead of the Street at $179.5 million. Non-GAAP profits of 6 cents a share topped the Street consensus of a penny a share.

For FY Q1, the company sees revenue of $190 million to $200 million, and break-even EPS; that is short of the Street at $212.6 million and a profit of 4 cents.

For the March 2011 fiscal year, the video game company sees revenue of $905 million to $920 million, and non-GAAP EPS of 25-30 cents; the Street has been anticipating $900.5 million in revenue and profits of 32 cents.

In late trading, THQI is unchanged at $7.05.

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