Video game publisher THQ
As a result of the good news, the stock climbed 5.7% to $20.90 in after-hours trading.
As in the first quarter, the company's hits Destroy All Humans! and street racer Juiced continued to drive results. The company also cited strong sales of its Tak game, as well as its WWE and Scooby Doo titles.
Going forward, THQ maintained its full-year guidance for earnings of $0.67 per share on $770 million in net sales. The company also said that Q3 earnings would come in at $0.65 per share on about $320 million in sales -- roughly in line with the analysts' estimates.
At the same time, though, the company said that Q4 earnings would be a little light now that it has pushed back the release of Saint's Row, a game in development for Microsoft's
Among the other titles THQ has in the works for the Xbox 360 include the motorcycle racing game Moto GP and World War II action shooter The Outfit, which is due in March. But unlike industry heavyweight Electronic Arts
In aggregate, THQ's outperformance in the second quarter makes up for any coming shortfall in the fourth quarter related to delayed releases. And while THQ has yet to prove that it can compete directly with the other big players in prime time (the company hasn't even really tried, adroitly introducing new brands after the holiday season), I still think THQ is the hidden treasure of the video game industry.
Electronic Arts and Activision are Motley Fool Stock Advisor recommendations.
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