Shares in vidgame publisher THQ jumped 17% Friday after it reported a smaller-than-expected net loss.
Net loss fell from $6.4 million a year ago to $1.4 million in the quarter ended Sept. 30. Net sales grew 48% to $142.7 million, dodging an industry slump that has impacted competitors Electronic Arts and Activision.
Company reported strong sales for “Destroy All Humans!,” recently optioned by Fox as an animated series, as well as WWE and “Scooby Doo” games.
THQ is expecting net sales of $320 million in the current holiday quarter and earnings per share of 65¢. For the fiscal year ending March 31, guidance calls for 67¢ per share earnings on $770 million in revenue.
Shares in THQ closed at $23.47 Wednesday.