THQ hasn’t had too much to be cheerful about recently – except Saints Row: The Third. That feeling has transferred over to the financial ledgers, as the company has adjusted its fourth-quarter earnings outlook because of the success of the game.
Thanks to “higher-than-expected” sales of the game (including digital), THQ now expects to report $160-$170 million in sales for the fourth quarter of the last fiscal year (ending on March 31, 2012). This is up from earlier estimates of $130-$150 million. This development will in turn increase the company’s cash balance to $76 million and improve its net loss per share.