After Earnings Miss, THQ Is Quietly Moving Higher

In Tuesday's trading session, THQ Inc. (THQI) quietly moved higher and was  looking for its first close over $21.50 since April.

After disappointing May 6 quarterly results in which earnings missed the video game company’s expectations of a net loss of $.13 per share on revenue of $200 million coupled with lower guidance on an earnings per share basis, the stock has managed to erase a 16% drop from its low point attributed to that report.

Helping out is the fact that the consensus among analysts is that the full year 2009 should be much better given a good slate of future products and some speculation that has made the rounds recently that THQ could be a potential takeover target.