THQ Soars After Raising Fourth-Quarter Sales Estimates
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THQ Inc. soared the most in more than two decades after saying it expects to report a smaller fourth-quarter loss than anticipated, helped by rising sales of the “Saints Row: The Third” video game.
The Agoura Hills, California-based company gained 33 percent to 60 cents at 1:40 p.m. in New York, after earlier surging as much as 46 percent for the biggest intraday increase since at least 1991. The shares, which peaked at $36.39 in April 2007, had slumped 90 percent in the past year before today.